Shepherd Financial Partners LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 54.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,758 shares of the technology company’s stock after selling 29,266 shares during the period. Shepherd Financial Partners LLC’s holdings in AT&T were worth $722,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. TFO TDC LLC purchased a new stake in AT&T during the 4th quarter worth approximately $27,000. Lion Street Advisors LLC purchased a new stake in AT&T during the 1st quarter worth approximately $27,000. Horan Securities Inc. purchased a new stake in AT&T during the 1st quarter worth approximately $28,000. Efficient Wealth Management LLC purchased a new stake in AT&T during the 1st quarter worth approximately $35,000. Finally, Brooktree Capital Management purchased a new stake in AT&T during the 1st quarter worth approximately $36,000. 56.12% of the stock is currently owned by institutional investors.

In other AT&T news, Director Geoffrey Y. Yang bought 6,754 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was acquired at an average price of $29.39 per share, with a total value of $198,500.06. Following the completion of the acquisition, the director now directly owns 9,398 shares of the company’s stock, valued at $276,207.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Luczo bought 36,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were acquired at an average cost of $29.38 per share, with a total value of $1,057,680.00. The disclosure for this purchase can be found here. Corporate insiders own 0.07% of the company’s stock.

Several research firms have weighed in on T. Cfra dropped their target price on shares of AT&T from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Wells Fargo & Co decreased their price objective on shares of AT&T from $36.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, April 3rd. Royal Bank of Canada restated a “hold” rating and set a $38.00 price objective on shares of AT&T in a research note on Thursday, January 30th. Morgan Stanley decreased their price objective on shares of AT&T from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Finally, Cowen cut shares of AT&T from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $43.00 to $37.00 in a research note on Monday, March 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.15.

NYSE:T opened at $28.31 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.76 and a current ratio of 0.76. The company has a fifty day moving average of $29.73 and a two-hundred day moving average of $35.65. The stock has a market capitalization of $203.35 billion, a PE ratio of 14.37, a P/E/G ratio of 1.64 and a beta of 0.72. AT&T Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $39.70.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.01). The company had revenue of $42.78 billion for the quarter, compared to analyst estimates of $44.75 billion. AT&T had a return on equity of 13.27% and a net margin of 8.05%. The business’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. Research analysts forecast that AT&T Inc. will post 3.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend was Wednesday, April 8th. AT&T’s dividend payout ratio is presently 58.26%.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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