Guidant Wealth Advisors cut its stake in shares of AT&T Inc. (NYSE:T) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,120 shares of the technology company’s stock after selling 53 shares during the quarter. Guidant Wealth Advisors’ holdings in AT&T were worth $262,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ullmann Financial Group Inc. bought a new position in shares of AT&T during the first quarter valued at $101,000. Taylor Wealth Management Partners lifted its holdings in shares of AT&T by 0.4% during the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares during the period. Almanack Investment Partners LLC. bought a new position in shares of AT&T during the first quarter valued at $109,000. Sterling Investment Advisors Ltd. lifted its holdings in shares of AT&T by 289.1% during the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,024 shares during the period. Finally, CKW Financial Group lifted its holdings in shares of AT&T by 83.9% during the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,724 shares during the period. 55.08% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on T. Macquarie restated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 target price for the company in a research note on Thursday, September 28th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. KeyCorp restated a “hold” rating on shares of AT&T in a research note on Wednesday, October 11th. Finally, Robert W. Baird lowered their target price on AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.87.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.
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AT&T Inc. (NYSE T) opened at $33.30 on Friday. The stock has a market capitalization of $204,428.70, a PE ratio of 11.37, a PEG ratio of 2.68 and a beta of 0.42. AT&T Inc. has a 12-month low of $32.93 and a 12-month high of $43.03. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 1.23.
AT&T (NYSE:T) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. AT&T’s quarterly revenue was down 3.0% compared to the same quarter last year. equities research analysts predict that AT&T Inc. will post 2.93 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend was Friday, October 6th. AT&T’s dividend payout ratio (DPR) is presently 94.69%.
AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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