Beacon Financial Advisory LLC Decreases Stock Holdings in AT&T Inc. (NYSE:T)

Beacon Financial Advisory LLC lowered its holdings in AT&T Inc. (NYSE:T) by 67.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,646 shares of the technology company’s stock after selling 60,367 shares during the period. Beacon Financial Advisory LLC’s holdings in AT&T were worth $675,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. YANKCOM Partnership purchased a new position in shares of AT&T during the 4th quarter valued at $30,000. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter worth $34,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of AT&T in the third quarter worth $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T opened at $24.48 on Thursday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98. The stock has a market cap of $175.63 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. The firm’s fifty day simple moving average is $22.97 and its 200 day simple moving average is $21.73. 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 announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.53%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Scotiabank lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. Royal Bank of Canada increased their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.21.

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.