IHT Wealth Management LLC Sells 132,075 Shares of AT&T Inc. (NYSE:T)

IHT Wealth Management LLC lessened its holdings in AT&T Inc. (NYSE:TFree Report) by 45.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of AT&T in the 4th quarter worth $1,858,418,000. GQG Partners LLC grew its holdings in AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of AT&T by 4,986.1% during the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock valued at $225,741,000 after purchasing an additional 9,719,036 shares during the last quarter. Invesco Ltd. grew its stake in AT&T by 18.2% during the 4th quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company’s stock worth $1,085,034,000 after buying an additional 7,347,354 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in AT&T in the fourth quarter valued at about $160,747,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on T shares. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Royal Bank of Canada increased their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 29th. Tigress Financial upped their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Scotiabank boosted their price objective on AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $27.24.

Read Our Latest Stock Analysis on AT&T

AT&T Stock Down 3.2 %

AT&T stock opened at $26.29 on Tuesday. The stock has a market capitalization of $188.71 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $16.17 and a twelve month high of $29.03. The stock has a 50 day moving average of $26.86 and a two-hundred day moving average of $24.20.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio is currently 74.50%.

About AT&T

(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.

Read More

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:TFree Report).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.