Avior Wealth Management LLC Sells 1,813 Shares of AT&T Inc. (NYSE:T)

Avior Wealth Management LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,661 shares of the technology company’s stock after selling 1,813 shares during the quarter. Avior Wealth Management LLC’s holdings in AT&T were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of AT&T by 1.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock valued at $1,119,000 after purchasing an additional 547 shares during the period. SMH Capital Advisors Inc. raised its position in shares of AT&T by 1.8% in the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock valued at $585,000 after purchasing an additional 565 shares during the period. Kahn Brothers Group Inc. raised its position in shares of AT&T by 3.4% in the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock valued at $319,000 after purchasing an additional 575 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the period. Finally, JB Capital LLC grew its stake in shares of AT&T by 2.4% in the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after acquiring an additional 614 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on T. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 5th. Barclays increased their price objective on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Tigress Financial increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Friday, January 19th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.68.

AT&T Trading Down 0.9 %

NYSE T opened at $16.09 on Wednesday. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.92. The stock has a market cap of $115.09 billion, a P/E ratio of 8.21, a P/E/G ratio of 2.45 and a beta of 0.57. The stock’s fifty day moving average price is $17.04 and its 200-day moving average price is $16.48. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. As a group, equities analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.