Ameritas Advisory Services LLC Sells 23,774 Shares of AT&T Inc. (NYSE:T)

Ameritas Advisory Services LLC reduced its position in shares of AT&T Inc. (NYSE:T - Free Report) by 18.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,747 shares of the technology company's stock after selling 23,774 shares during the quarter. Ameritas Advisory Services LLC's holdings in AT&T were worth $2,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Minot DeBlois Advisors LLC bought a new position in AT&T during the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new stake in AT&T in the fourth quarter worth $25,000. Putney Financial Group LLC bought a new position in shares of AT&T during the fourth quarter worth $27,000. Ball & Co Wealth Management Inc. acquired a new position in shares of AT&T in the 4th quarter valued at $30,000. Finally, REAP Financial Group LLC increased its position in shares of AT&T by 115.2% in the 4th quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company's stock valued at $31,000 after buying an additional 727 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T stock traded down $0.06 on Tuesday, reaching $28.88. The stock had a trading volume of 25,973,823 shares, compared to its average volume of 36,404,533. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.18. The firm has a market capitalization of $207.81 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 3.98 and a beta of 0.41. The firm's 50-day moving average is $27.68 and its two-hundred day moving average is $26.01. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter last year, the company posted $0.55 EPS. The firm's revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.84%. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. UBS Group restated a "buy" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Wednesday, June 18th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Evercore ISI increased their target price on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.90.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.