AT&T Inc. (NYSE:T) Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 78.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,050 shares of the technology company’s stock after selling 40,780 shares during the period. Capital Wealth Planning LLC’s holdings in AT&T were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of T. Oregon Public Employees Retirement Fund raised its stake in shares of AT&T by 6,759.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 96,680,677 shares of the technology company’s stock worth $3,388,000 after buying an additional 95,271,251 shares during the last quarter. BlackRock Inc. raised its stake in shares of AT&T by 4.0% during the fourth quarter. BlackRock Inc. now owns 454,818,786 shares of the technology company’s stock worth $12,980,526,000 after buying an additional 17,703,030 shares during the last quarter. Vanguard Group Inc raised its stake in shares of AT&T by 0.6% during the third quarter. Vanguard Group Inc now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after buying an additional 3,379,045 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of AT&T by 0.6% during the third quarter. Vanguard Group Inc. now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after buying an additional 3,379,045 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of AT&T by 3.1% during the fourth quarter. Northern Trust Corp now owns 85,213,415 shares of the technology company’s stock worth $2,431,991,000 after buying an additional 2,574,202 shares during the last quarter. 53.02% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:T opened at $32.11 on Wednesday. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $34.53. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $237.12 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 2.02 and a beta of 0.55.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The firm had revenue of $44.83 billion during the quarter, compared to the consensus estimate of $45.20 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis. On average, research analysts anticipate that AT&T Inc. will post 3.59 EPS for the current year.

A number of equities research analysts recently weighed in on T shares. Raymond James raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Friday, March 15th. They noted that the move was a valuation call. ValuEngine downgraded shares of AT&T from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Finally, Desjardins reissued an “average” rating and set a $56.50 price target on shares of AT&T in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $36.60.

TRADEMARK VIOLATION NOTICE: This article was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://sportsperspectives.com/2019/06/12/att-inc-nyset-shares-sold-by-capital-wealth-planning-llc.html.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

See Also: What is a support level?

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.