IHT Wealth Management LLC Has $3.62 Million Position in AT&T Inc. (NYSE:T)

IHT Wealth Management LLC cut its stake in AT&T Inc. (NYSE:T) by 45.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,891 shares of the technology company’s stock after selling 132,075 shares during the quarter. IHT Wealth Management LLC’s holdings in AT&T were worth $3,618,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of T. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership bought a new position in AT&T in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its stake in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of AT&T in the fourth quarter valued at $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Oppenheimer boosted their price objective on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Scotiabank upped their target price on shares of AT&T from $28.50 to $29.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 8th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 29th. Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their target price on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. One equities 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.24.

AT&T Trading Down 3.2 %

AT&T stock opened at $26.29 on Tuesday. The stock has a market cap of $188.71 billion, a P/E ratio of 17.64, a PEG ratio of 3.00 and a beta of 0.42. The firm’s 50 day moving average price is $26.86 and its 200-day moving average price is $24.20. AT&T Inc. has a 1 year low of $16.17 and a 1 year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Thursday, April 10th. AT&T’s payout ratio 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.