ZWJ Investment Counsel Inc. Sells 33,811 Shares of AT&T Inc. $T

by · The Markets Daily

ZWJ Investment Counsel Inc. decreased its stake in AT&T Inc. (NYSE:T – Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,118,255 shares of the technology company’s stock after selling 33,811 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in AT&T were worth $31,580,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in T. Front Row Advisors LLC acquired a new position in AT&T in the second quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T in the 2nd quarter worth approximately $26,000. Kennebec Savings Bank boosted its holdings in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares in the last quarter. Solstein Capital LLC grew its position in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares during the last quarter. Finally, Curio Wealth LLC increased its holdings in AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,044 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Williams Trading set a $33.00 target price on AT&T in a report on Thursday, October 23rd. Wells Fargo & Company lowered their price objective on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. KeyCorp upgraded shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Tuesday, November 11th. Barclays lowered their price target on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Finally, Loop Capital set a $29.00 price objective on AT&T in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.24.

Read Our Latest Report on T

AT&T Stock Performance

Shares of AT&T stock opened at $24.60 on Thursday. The firm has a fifty day moving average of $25.13 and a two-hundred day moving average of $27.07. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market capitalization of $174.40 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.43 and a beta of 0.38. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79.

AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s dividend payout ratio is 36.04%.

AT&T Profile

(Free Report)

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

See Also

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