Tempus Wealth Planning LLC Sells 6,997 Shares of AT&T Inc. (NYSE:T)

Tempus Wealth Planning LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 32.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,336 shares of the technology company’s stock after selling 6,997 shares during the quarter. Tempus Wealth Planning LLC’s holdings in AT&T were worth $252,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC bought a new stake in AT&T during the 4th quarter valued at approximately $25,000. Pineridge Advisors LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Ramirez Asset Management Inc. bought a new stake in shares of AT&T in the 3rd quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares during the period. Finally, Western Pacific Wealth Management LP bought a new stake in shares of AT&T in the 4th quarter worth approximately $39,000. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on AT&T in a research report on Monday. They issued a “buy” rating and a $22.00 price objective for the company. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Finally, Scotiabank raised their price objective on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.73.

AT&T Trading Down 0.7 %

T stock opened at $18.68 on Friday. The business has a fifty day moving average price of $17.75 and a 200 day moving average price of $17.23. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.32. The stock has a market capitalization of $133.94 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 4.24 and a beta of 0.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was down .4% on a year-over-year basis. Analysts expect that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.94%. AT&T’s dividend payout ratio is 59.68%.

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.