Oder Investment Management LLC Sells 2,613 Shares of AT&T Inc. (NYSE:T)

Oder Investment Management LLC lowered its stake in AT&T Inc. (NYSE:T) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,895 shares of the technology company’s stock after selling 2,613 shares during the quarter. Oder Investment Management LLC’s holdings in AT&T were worth $200,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Carmel Capital Partners LLC lifted its position in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares in the last quarter. Lipe & Dalton bought a new stake in shares of AT&T in the third quarter worth $30,000. Ramirez Asset Management Inc. bought a new stake in shares of AT&T in the third quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. increased its holdings in AT&T by 3,202.4% during the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after buying an additional 2,626 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T traded up $0.17 during mid-day trading on Wednesday, reaching $17.06. 13,624,370 shares of the company’s stock were exchanged, compared to its average volume of 39,043,258. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The firm has a market capitalization of $122.03 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 3.38 and a beta of 0.57. The business’s fifty day simple moving average is $16.97 and its two-hundred day simple moving average is $16.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.51%. AT&T’s payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on T shares. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Tigress Financial boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. Finally, TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.81.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.