AT&T Inc. (NYSE:T) Shares Sold by Indie Asset Partners LLC


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Indie Asset Partners LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,682 shares of the technology company’s stock after selling 6,428 shares during the period. Indie Asset Partners LLC’s holdings in AT&T were worth $509,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BNC Wealth Management LLC acquired a new stake in shares of AT&T during the third quarter worth $27,000. Flagship Private Wealth LLC acquired a new stake in shares of AT&T in the 4th quarter worth about $27,000. Clear Perspectives Financial Planning LLC acquired a new stake in shares of AT&T in the 4th quarter worth about $29,000. Iron Horse Wealth Management LLC acquired a new stake in shares of AT&T in the 4th quarter worth about $31,000. Finally, JustInvest LLC increased its holdings in shares of AT&T by 13.8% in the 4th quarter. JustInvest LLC now owns 28,726 shares of the technology company’s stock worth $31,000 after acquiring an additional 3,481 shares during the period. 51.17% of the stock is currently owned by institutional investors.

Shares of T traded down $0.08 during midday trading on Tuesday, hitting $29.24. The stock had a trading volume of 1,100,387 shares, compared to its average volume of 42,973,785. AT&T Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $38.51. The business has a 50-day simple moving average of $28.98 and a two-hundred day simple moving average of $28.89. The firm has a market cap of $208.36 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78.

AT&T (NYSE:T) last announced its earnings results on Tuesday, January 26th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. AT&T had a net margin of 6.42% and a return on equity of 12.27%. The company had revenue of $45.70 billion during the quarter, compared to analysts’ expectations of $44.58 billion. During the same period last year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts expect that AT&T Inc. will post 3.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 1st. Shareholders of record on Monday, January 11th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 7.11%. The ex-dividend date was Friday, January 8th. AT&T’s payout ratio is 58.26%.

A number of research firms recently weighed in on T. Credit Suisse Group dropped their price objective on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, January 19th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $25.00 price objective on shares of AT&T in a report on Monday, November 16th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating and set a $33.00 target price for the company in a research report on Thursday, December 10th. Morgan Stanley lowered shares of AT&T from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $36.00 to $34.00 in a research report on Thursday, December 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of AT&T from $36.00 to $31.00 in a research report on Monday, February 8th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.12.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Further Reading: Back-End Load

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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