Woodward Diversified Capital LLC Decreases Holdings in AT&T Inc. (NYSE:T)

Woodward Diversified Capital LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 18.3% during the fourth quarter, HoldingsChannel reports. The firm owned 46,283 shares of the technology company’s stock after selling 10,336 shares during the period. AT&T accounts for 0.8% of Woodward Diversified Capital LLC’s portfolio, making the stock its 28th largest position. Woodward Diversified Capital LLC’s holdings in AT&T were worth $1,054,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Joel Isaacson & Co. LLC boosted its position in AT&T by 7.1% in the 4th quarter. Joel Isaacson & Co. LLC now owns 53,234 shares of the technology company’s stock valued at $1,212,000 after buying an additional 3,551 shares during the last quarter. Northstar Group Inc. purchased a new stake in AT&T during the 4th quarter worth approximately $206,000. Appleton Partners Inc. MA boosted its stake in shares of AT&T by 42.7% during the 4th quarter. Appleton Partners Inc. MA now owns 18,278 shares of the technology company’s stock valued at $416,000 after buying an additional 5,468 shares during the last quarter. Slocum Gordon & Co LLP increased its stake in shares of AT&T by 5.1% in the fourth quarter. Slocum Gordon & Co LLP now owns 109,797 shares of the technology company’s stock worth $2,500,000 after buying an additional 5,336 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in AT&T during the 4th quarter valued at $96,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on T. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Scotiabank boosted their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Oppenheimer started coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.21.

AT&T Price Performance

Shares of T opened at $24.56 on Friday. The firm has a market capitalization of $176.19 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The stock’s fifty day moving average is $23.01 and its 200-day moving average is $21.77. AT&T Inc. has a one year low of $15.94 and a one year high of $24.98. 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 released its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities analysts anticipate that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.52%. AT&T’s dividend payout ratio (DPR) is 74.50%.

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.