Physician Wealth Advisors Inc. Sells 1,135 Shares of AT&T Inc. (NYSE:T)

Physician Wealth Advisors Inc. reduced its position in AT&T Inc. (NYSE:TFree Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,171 shares of the technology company’s stock after selling 1,135 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in AT&T were worth $204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in T. Axiom Financial Strategies LLC increased its stake in shares of AT&T by 12.2% in the 1st quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after acquiring an additional 1,941 shares in the last quarter. Roundview Capital LLC increased its stake in shares of AT&T by 62.3% in the 1st quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock valued at $582,000 after acquiring an additional 9,450 shares in the last quarter. Sei Investments Co. increased its stake in AT&T by 23.1% during the 1st quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock valued at $25,983,000 after purchasing an additional 206,434 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in AT&T by 5.5% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock valued at $11,262,000 after purchasing an additional 25,028 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in AT&T by 1,191.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after purchasing an additional 11,722 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

AT&T stock opened at $17.54 on Wednesday. The company’s fifty day moving average price is $17.17 and its 200 day moving average price is $16.36. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The stock has a market capitalization of $125.46 billion, a P/E ratio of 8.95, a P/E/G ratio of 2.64 and a beta of 0.57. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $19.99.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

Analyst Upgrades and Downgrades

T has been the subject of several recent analyst reports. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Citigroup upped their price objective on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $21.61.

View Our Latest Stock Report on AT&T

About AT&T

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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

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