Monterey Private Wealth Inc. Has $341,000 Stock Position in AT&T Inc. (NYSE:T)


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Monterey Private Wealth Inc. lowered its position in shares of AT&T Inc. (NYSE:T) by 4.2% in the first quarter, HoldingsChannel reports. The firm owned 11,035 shares of the technology company’s stock after selling 488 shares during the period. Monterey Private Wealth Inc.’s holdings in AT&T were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. JustInvest LLC increased its position in AT&T by 99.1% in the 1st quarter. JustInvest LLC now owns 57,194 shares of the technology company’s stock valued at $1,731,000 after acquiring an additional 28,468 shares in the last quarter. Wedgewood Investors Inc. PA grew its position in shares of AT&T by 1.3% during the 1st quarter. Wedgewood Investors Inc. PA now owns 30,065 shares of the technology company’s stock worth $910,000 after buying an additional 400 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in shares of AT&T by 14.1% during the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 70,770 shares of the technology company’s stock worth $2,178,000 after buying an additional 8,770 shares during the period. Raab & Moskowitz Asset Management LLC boosted its stake in AT&T by 2.4% during the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 18,662 shares of the technology company’s stock worth $564,000 after acquiring an additional 446 shares during the last quarter. Finally, JJJ Advisors Inc. boosted its stake in AT&T by 37.4% during the 1st quarter. JJJ Advisors Inc. now owns 8,581 shares of the technology company’s stock worth $260,000 after acquiring an additional 2,334 shares during the last quarter. Institutional investors and hedge funds own 51.17% of the company’s stock.

Shares of AT&T stock traded up $0.27 during trading hours on Tuesday, hitting $31.77. 979,512 shares of the company’s stock traded hands, compared to its average volume of 43,032,539. AT&T Inc. has a 12-month low of $26.35 and a 12-month high of $33.24. The stock has a market capitalization of $226.58 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 3.04 and a beta of 0.70. The company has a fifty day simple moving average of $30.38 and a 200-day simple moving average of $29.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.84 and a quick ratio of 0.84.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 21st. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. AT&T had a return on equity of 12.27% and a net margin of 6.42%. The firm had revenue of $43.90 billion during the quarter, compared to analyst estimates of $42.69 billion. During the same period last year, the firm posted $0.84 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that AT&T Inc. will post 3.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 3rd. Investors of record on Friday, April 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 6.55%. The ex-dividend date was Thursday, April 8th. AT&T’s dividend payout ratio (DPR) is currently 58.26%.

T has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AT&T from $31.00 to $34.00 in a research note on Wednesday, April 28th. Credit Suisse Group cut their price objective on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 19th. CIBC reiterated a “buy” rating on shares of AT&T in a report on Wednesday, February 10th. Barclays upped their price objective on AT&T from $31.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, April 23rd. Finally, Raymond James raised their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.43.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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