AT&T Inc. (NYSE:T) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 3.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 47,015 shares of the technology company’s stock after selling 1,500 shares during the quarter. Radnor Capital Management LLC’s holdings in AT&T were worth $1,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC purchased a new position in AT&T during the fourth quarter worth about $25,000. Minot DeBlois Advisors LLC purchased a new position in AT&T during the fourth quarter worth about $25,000. Putney Financial Group LLC purchased a new position in AT&T during the fourth quarter worth about $27,000. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth about $28,000. Finally, Tradewinds Capital Management LLC boosted its stake in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 1.2%

Shares of NYSE:T opened at $28.09 on Friday. The firm’s 50 day moving average price is $27.32 and its 200 day moving average price is $25.45. The stock has a market cap of $202.12 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. AT&T’s payout ratio is currently 68.10%.

Analysts Set New Price Targets

T has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. TD Securities raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.71.

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.