Leo Wealth LLC Trims Position in AT&T Inc. (NYSE:T)

Leo Wealth LLC reduced its holdings in AT&T Inc. (NYSE:T) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,196 shares of the technology company’s stock after selling 31,391 shares during the period. Leo Wealth LLC’s holdings in AT&T were worth $3,238,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new position in AT&T during the third quarter valued at approximately $25,000. YANKCOM Partnership acquired a new stake in shares of AT&T during the 4th quarter worth approximately $30,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the 4th quarter valued at $34,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the third quarter worth $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Down 0.1 %

T stock opened at $24.46 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average of $22.99 and a two-hundred day moving average of $21.75. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The company has a market cap of $175.47 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.54%. AT&T’s dividend payout ratio is presently 74.50%.

Analysts Set New Price Targets

A number of research firms have weighed in on T. The Goldman Sachs Group lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

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.