Tempus Wealth Planning LLC Sells 6,997 Shares of AT&T Inc. (NYSE:T) (2024)

Posted by Defense World Staff on Jul 5th, 2024

Tempus Wealth Planning LLC decreased its holdings in shares of AT&T Inc. (NYSE:T – Free Report) 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.

View Our Latest Research Report on AT&T

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 – Get Free Report) 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

(Free Report)

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FAQs

Is AT&T stock a value trap? ›

With its 4-star rating, we believe AT&T's stock is undervalued compared with our long-term fair value estimate of $23 per share. Our rating assumes AT&T will deliver modest revenue growth and gradually expand margins over the next several years as its wireless and fiber network investments pay off.

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Who owns the most shares of ATT? ›

Vanguard owns the most shares of AT&T (T).

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How many shares of AT&T stock are there? ›

According to AT&T's latest financial reports and stock price the company's current number of shares outstanding is 7,192,000,000. At the end of 2024 the company had 7,192,000,000 shares outstanding.

Why is AT&T Inc a good investment? ›

AT&T has steadily growing mobility service revenue and broadband sales that are rising even faster. Investors can reasonably expect increasing profits from the company for at least the next 10 years.

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Will AT&T stock ever go up again? ›

Highlights and Key Points: AT&T Stock Forecast 2024-2030

2024 is $18.98. Most analysts predict AT&T stock will trade between $17 and $29 through 2024 as competitive pressures persist.

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Why is ATT stock dropping so much? ›

Once AT&T abandoned its media ambitions, culminating with the spin-off of WarnerMedia in 2022, uncertainty over its wireless business, concerns about its massive debt load, and general distrust from investors continued to put pressure on the stock.

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Who is merging with AT&T? ›

Discovery, Global Leader in Entertainment and Streaming. NEW YORK and DALLAS, April 8, 2022 — Today Discovery, Inc. and AT&T Inc. * (NYSE:T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery.

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Is AT&T bigger than Apple? ›

The market cap of Apple is significantly larger than the one of AT&T for some time. It is approximately X3 today. Still the addition of Apple to the Dow was done only this year in March. If we look at the stocks of Apple and AT&T over the last 5 years, a picture is worth more than a thousand words.

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Who is the main owner of AT&T? ›

In 2005, AT&T was acquired by "Baby Bell" and former subsidiary SBC Communications for more than $16 billion ($25 billion in present-day terms). SBC then changed its name to AT&T Inc., with AT&T Corporation continuing to exist as a long distance subsidiary until its dissolution on May 1, 2024.

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How much debt does AT&T have? ›

AT&T long term debt for the quarter ending March 31, 2024 was $125.704B, a 1.6% increase year-over-year. AT&T long term debt for 2023 was $127.854B, a 0.44% decline from 2022. AT&T long term debt for 2022 was $128.423B, a 14.96% decline from 2021. AT&T long term debt for 2021 was $151.011B, a 1.8% decline from 2020.

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What was the highest price for AT&T stock? ›

Historical daily share price chart and data for AT&T since 1984 adjusted for splits and dividends. The latest closing stock price for AT&T as of July 05, 2024 is 18.77. The all-time high AT&T stock closing price was 22.34 on November 18, 2019.

Has AT&T ever had a stock split? ›

AT&T stock (symbol: T) underwent a total of 4 stock splits. The most recent stock split occurred on April 11th, 2022. One T share bought prior to May 26th, 1987 would equal to 15.888 T shares today.

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Does Warren Buffett invest in AT&T? ›

This early experience with stocks was just the beginning for Buffett. Years later, as the head of Berkshire Hathaway Inc., he engaged with AT&T Inc. again, but under different circ*mstances. In the third quarter of 2015, Berkshire Hathaway bought a significant stake in AT&T, acquiring 59.3 million shares.

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Should you hold AT&T stock? ›

AT&T has a consensus rating of Strong Buy which is based on 11 buy ratings, 3 hold ratings and 0 sell ratings. The average price target for AT&T is $21.88. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

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Who owns the most AT&T stock? ›

What type of owners hold AT&T Inc stock?

Name	Hold	Value
Vanguard Group Inc	8.72%	$11.94B
Blackrock Inc	7.43%	$10.19B
State Street Corp	4.34%	$5.95B
Newport Trust Company LLC	2.79%	$3.82B

6 more rows

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What is fair value for AT&T stock? ›

AT&T Intrinsic Value - Valuation Summary

	Range	Upside
Fair Value	47.48 - 47.48	152.95%
P/E	27.38 - 36.54	57.3%
EV/EBITDA	17 - 27.12	23.0%
EPV	44.58 - 73.9	215.6%

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What is the prognosis for AT&T stock? ›

AT&T Stock Forecast

The 16 analysts with 12-month price forecasts for AT&T stock have an average target of 21.13, with a low estimate of 17 and a high estimate of 29. The average target predicts an increase of 12.66% from the current stock price of 18.76.

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Is ATT stock risky? ›

ATT Investment Opportunity

ATT Inc has a volatility of 1.08 and is 1.66 times more volatile than Dow Jones Industrial. 9 percent of all equities and portfolios are less risky than ATT. You can use ATT Inc to protect your portfolios against small market fluctuations.

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