Linscomb Wealth Inc. Sells 4,378 Shares of AT&T Inc. (NYSE:T)

Linscomb Wealth Inc. cut its holdings in AT&T Inc. (NYSE:T) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,247 shares of the technology company’s stock after selling 4,378 shares during the period. Linscomb Wealth Inc.’s holdings in AT&T were worth $894,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new stake in AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the fourth quarter valued at about $28,000. Ritter Daniher Financial Advisory LLC DE raised its stake 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 valued at $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new stake in shares of AT&T during the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC grew its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $27.45 on Friday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.49. The firm’s 50-day moving average is $23.91 and its 200 day moving average is $22.54. The stock has a market cap of $197.01 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.00 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on T shares. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Royal Bank of Canada upped their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.33.

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.