Consolidated Portfolio Review Corp lessened its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 42.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 66,424 shares of the technology company's stock after selling 48,093 shares during the period. Consolidated Portfolio Review Corp's holdings in AT&T were worth $1,878,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new position in AT&T during the fourth quarter valued at $25,000. Putney Financial Group LLC bought a new stake in AT&T in the 4th quarter valued at $27,000. Ball & Co Wealth Management Inc. purchased a new stake in AT&T in the 4th quarter worth $30,000. Finally, REAP Financial Group LLC lifted its stake in AT&T by 115.2% in the 4th quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company's stock worth $31,000 after purchasing an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
Analyst Upgrades and Downgrades
T has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price objective on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. UBS Group reaffirmed 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. Tigress Financial increased their target price on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $28.76.
Check Out Our Latest Analysis on T
AT&T Trading Up 0.3%
Shares of T stock traded up $0.08 during trading hours on Friday, reaching $28.08. 37,331,600 shares of the stock were exchanged, compared to its average volume of 36,487,185. The firm has a market capitalization of $202.02 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.96 and a beta of 0.41. AT&T Inc. has a 12-month low of $18.14 and a 12-month high of $29.03. The company's 50-day moving average price is $27.61 and its 200-day moving average price is $25.91. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98.
AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.
AT&T Company Profile
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Free Report)
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.
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