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

Avior Wealth Management LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 2.3% in the 4th quarter, HoldingsChannel reports. The firm 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 hedge funds and other institutional investors have also added to or reduced their stakes in T. Sora Investors LLC purchased a new stake in AT&T during the 3rd quarter valued at $11,265,000. Robeco Institutional Asset Management B.V. raised its holdings in AT&T by 2.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock valued at $259,219,000 after buying an additional 383,015 shares during the period. Checchi Capital Advisers LLC raised its holdings in AT&T by 3.1% during the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock valued at $585,000 after buying an additional 1,178 shares during the period. Retireful LLC purchased a new stake in AT&T in the fourth quarter worth $1,163,000. Finally, Terril Brothers Inc. increased its stake in AT&T by 51.6% in the third quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after purchasing an additional 202,637 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T stock opened at $16.09 on Wednesday. The business’s fifty day simple moving average is $17.04 and its 200-day simple moving average is $16.48. The company has a market cap of $115.09 billion, a PE ratio of 8.21, a PEG ratio of 2.45 and a beta of 0.57. 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 Inc. has a 12-month low of $13.43 and a 12-month high of $19.92.

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

AT&T Announces Dividend

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

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Tigress Financial increased their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. Barclays increased their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $20.68.

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.