Raab & Moskowitz Asset Management LLC Has $273,000 Stake in AT&T Inc. (NYSE:T)

Raab & Moskowitz Asset Management LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,246 shares of the technology company’s stock after selling 2,495 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in AT&T were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC raised its stake in shares of AT&T by 33.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company’s stock valued at $651,000 after acquiring an additional 10,758 shares in the last quarter. Spirit of America Management Corp NY raised its stake in shares of AT&T by 46.2% in the 3rd quarter. Spirit of America Management Corp NY now owns 9,500 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,000 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of AT&T by 5.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,128,247 shares of the technology company’s stock valued at $31,966,000 after acquiring an additional 115,591 shares in the last quarter. Connecticut Wealth Management LLC raised its stake in shares of AT&T by 53.1% in the 3rd quarter. Connecticut Wealth Management LLC now owns 20,981 shares of the technology company’s stock valued at $315,000 after acquiring an additional 7,278 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of AT&T by 38.6% in the 3rd quarter. Ballentine Partners LLC now owns 52,772 shares of the technology company’s stock valued at $793,000 after acquiring an additional 14,710 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

T stock traded up $0.17 during trading on Friday, hitting $16.75. The company had a trading volume of 37,852,681 shares, compared to its average volume of 39,190,348. The company has a fifty day moving average price of $16.96 and a two-hundred day moving average price of $16.56. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.06. The company has a market cap of $119.81 billion, a P/E ratio of 9.00, a P/E/G ratio of 2.50 and a beta of 0.57. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Finally, Tigress Financial lifted their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Profile

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.