Certified Advisory Corp Reduces Holdings in AT&T Inc. (NYSE:T)

Certified Advisory Corp lowered its stake in shares of AT&T Inc. (NYSE:T) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,512 shares of the technology company’s stock after selling 1,050 shares during the quarter. Certified Advisory Corp’s holdings in AT&T were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of T. Cypress Wealth Services LLC boosted its position in shares of AT&T by 15.6% during the fourth quarter. Cypress Wealth Services LLC now owns 14,178 shares of the technology company’s stock valued at $323,000 after purchasing an additional 1,912 shares in the last quarter. Congress Park Capital LLC purchased a new position in AT&T during the fourth quarter valued at $285,000. Capital Advisors Wealth Management LLC boosted its holdings in shares of AT&T by 12.8% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 21,666 shares of the technology company’s stock valued at $493,000 after buying an additional 2,464 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of AT&T by 99.1% in the 4th quarter. Ritholtz Wealth Management now owns 171,144 shares of the technology company’s stock worth $3,897,000 after buying an additional 85,200 shares during the period. Finally, Carnegie Investment Counsel increased its stake in shares of AT&T by 9.0% in the 4th quarter. Carnegie Investment Counsel now owns 12,025 shares of the technology company’s stock worth $274,000 after acquiring an additional 989 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

T stock opened at $22.30 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The company has a market cap of $159.97 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The stock’s fifty day moving average price is $22.79 and its 200-day moving average price is $21.29.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. AT&T’s dividend payout ratio is currently 90.24%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on T shares. Barclays upped their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Argus raised 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 Thursday. Finally, Sanford C. Bernstein assumed coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.83.

About AT&T

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.