Bogart Wealth LLC Trims Holdings in AT&T Inc. (NYSE:T)

Bogart Wealth LLC decreased its holdings in AT&T Inc. (NYSE:T) by 0.2% in the 4th quarter, Holdings Channel reports. The firm owned 508,653 shares of the technology company’s stock after selling 847 shares during the period. Bogart Wealth LLC’s holdings in AT&T were worth $8,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of T. Ameriprise Financial Inc. raised its position in AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after buying an additional 34,189,954 shares during the last quarter. FMR LLC grew its stake in AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after acquiring an additional 32,558,342 shares during the last quarter. California Public Employees Retirement System grew its stake in AT&T by 38.0% in the 3rd quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock valued at $519,070,000 after acquiring an additional 9,518,478 shares during the last quarter. Barclays PLC grew its stake in AT&T by 30.6% in the 3rd quarter. Barclays PLC now owns 26,227,124 shares of the technology company’s stock valued at $393,931,000 after acquiring an additional 6,137,909 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of AT&T by 43.0% during the 3rd quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock worth $221,242,000 after purchasing an additional 4,432,136 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on T. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, April 29th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, January 19th. Citigroup raised their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Scotiabank raised their target price on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Stock Up 0.1 %

NYSE:T traded up $0.02 on Thursday, reaching $17.13. The stock had a trading volume of 5,888,123 shares, compared to its average volume of 38,288,813. The company has a 50-day moving average of $16.98 and a 200 day moving average of $16.69. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The stock has a market cap of $122.83 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, research analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.48%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

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.