AT&T Inc. (NYSE:T) is Windle Wealth LLC’s 5th Largest Position

Windle Wealth LLC lowered its holdings in AT&T Inc. (NYSE:T) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 359,150 shares of the technology company’s stock after selling 18,232 shares during the period. AT&T comprises about 4.5% of Windle Wealth LLC’s portfolio, making the stock its 5th largest holding. Windle Wealth LLC’s holdings in AT&T were worth $8,178,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Assetmark Inc. raised its stake in AT&T by 62.0% during the third quarter. Assetmark Inc. now owns 194,924 shares of the technology company’s stock valued at $4,288,000 after buying an additional 74,607 shares in the last quarter. Baker Avenue Asset Management LP bought a new position in AT&T during the 3rd quarter worth approximately $261,000. Ashton Thomas Securities LLC bought a new position in AT&T during the 3rd quarter worth approximately $812,000. Patten & Patten Inc. TN lifted its holdings in AT&T by 9.2% during the 3rd quarter. Patten & Patten Inc. TN now owns 17,820 shares of the technology company’s stock worth $392,000 after buying an additional 1,505 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in AT&T by 35.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 15,038 shares of the technology company’s stock worth $331,000 after buying an additional 3,948 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 4.6 %

Shares of T stock opened at $26.02 on Wednesday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97. The stock has a market cap of $186.74 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The business’s fifty day moving average is $24.46 and its 200-day moving average is $22.94. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Oppenheimer began coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.74.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.