Tealwood Asset Management Inc. Sells 481 Shares of AT&T Inc. (NYSE:T)

Tealwood Asset Management Inc. lowered its position in shares of AT&T Inc. (NYSE:TFree Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,642 shares of the technology company’s stock after selling 481 shares during the quarter. Tealwood Asset Management Inc.’s holdings in AT&T were worth $766,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. Altshuler Shaham Ltd bought a new position in shares of AT&T during the 2nd quarter valued at about $30,000. Reston Wealth Management LLC acquired a new position in shares of AT&T in the 3rd quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the 3rd quarter valued at approximately $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Down 0.6 %

AT&T stock opened at $21.56 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a 50-day simple moving average of $22.81 and a 200 day simple moving average of $21.26. The stock has a market capitalization of $154.70 billion, a P/E ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $30.50 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Analysts expect that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is presently 90.24%.

Analyst Ratings Changes

T has been the topic of a number of research reports. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. UBS Group upped their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Tigress Financial lifted their target price on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada raised AT&T from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.76.

Check Out Our Latest Research Report on AT&T

AT&T Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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