Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $62,000 Stock Position in AT&T Inc. (NYSE:T)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in AT&T Inc. (NYSE:T) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,495 shares of the technology company’s stock after selling 900 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in AT&T were worth $62,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in T. 1900 Wealth Management LLC grew its position in AT&T by 6.8% in the third quarter. 1900 Wealth Management LLC now owns 16,431 shares of the technology company’s stock valued at $247,000 after acquiring an additional 1,044 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of AT&T by 9.3% during the 3rd quarter. Avior Wealth Management LLC now owns 79,474 shares of the technology company’s stock valued at $1,194,000 after purchasing an additional 6,739 shares during the last quarter. Mach 1 Financial Group LLC acquired a new position in AT&T during the 3rd quarter worth approximately $185,000. Exchange Traded Concepts LLC lifted its stake in AT&T by 33.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 43,337 shares of the technology company’s stock valued at $651,000 after purchasing an additional 10,758 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its position in AT&T by 5.0% in the third quarter. Wagner Wealth Management LLC now owns 216,169 shares of the technology company’s stock valued at $3,247,000 after buying an additional 10,256 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on T. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Citigroup raised their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft increased their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

AT&T Price Performance

AT&T stock opened at $16.51 on Wednesday. The stock has a market cap of $118.09 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 2.46 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The business has a 50-day simple moving average of $16.98 and a 200 day simple moving average of $16.54. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.16.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. On average, research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.72%. AT&T’s payout ratio is presently 56.63%.

AT&T Company Profile

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.