AT&T Inc. (NYSE:T) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its position in shares of AT&T Inc. (NYSE:T) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 113,648 shares of the technology company’s stock after selling 5,364 shares during the quarter. Geneos Wealth Management Inc.’s holdings in AT&T were worth $2,588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the 4th quarter valued at about $34,000. Reston Wealth Management LLC purchased a new position in shares of AT&T during the 3rd quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada raised AT&T from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $22.00 to $26.00 in a report on Monday, January 6th. Oppenheimer initiated coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Barclays boosted their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Evercore ISI boosted their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.83.

AT&T Stock Up 0.7 %

Shares of NYSE:T opened at $22.69 on Friday. The business has a 50-day moving average price of $22.80 and a 200 day moving average price of $21.44. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $162.77 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. Sell-side analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

AT&T Profile

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.