AT&T Inc. $T Holdings Reduced by Stephens Inc. AR

Key Points

• Stephens Inc. AR reduced its holdings in AT&T Inc. by 5.0%, owning 726,911 shares after selling 38,207 during the 2nd quarter, valued at $21,037,000.
• AT&T reported a $0.54 earnings per share for the last quarter, surpassing the consensus estimate of $0.53, with revenue rising to $30.85 billion.
• The company declared a quarterly dividend of $0.2775, resulting in a 4.2% annualized yield, with the ex-dividend date set for October 10th.

Stephens Inc. AR lowered its position in AT&T Inc. (NYSE:T - Free Report) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 726,911 shares of the technology company's stock after selling 38,207 shares during the quarter. Stephens Inc. AR's holdings in AT&T were worth $21,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sentry Investment Management LLC grew its holdings in AT&T by 153.2% in the 2nd quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company's stock worth $625,000 after buying an additional 13,370 shares in the last quarter. Liberty Square Wealth Partners LLC boosted its position in AT&T by 3.6% during the 2nd quarter. Liberty Square Wealth Partners LLC now owns 15,728 shares of the technology company's stock worth $455,000 after acquiring an additional 543 shares during the period. Balboa Wealth Partners boosted its position in AT&T by 29.6% during the 2nd quarter. Balboa Wealth Partners now owns 54,387 shares of the technology company's stock worth $1,574,000 after acquiring an additional 12,414 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of AT&T by 0.9% in the second quarter. Chicago Partners Investment Group LLC now owns 63,905 shares of the technology company's stock worth $1,773,000 after purchasing an additional 566 shares in the last quarter. Finally, Sigma Investment Counselors Inc. acquired a new position in shares of AT&T during the second quarter valued at $241,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 0.5%

NYSE:T opened at $26.33 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The firm has a market capitalization of $188.24 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42. The stock has a fifty day simple moving average of $28.27 and a 200 day simple moving average of $27.80.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, October 10th. AT&T's dividend payout ratio is 63.07%.

Wall Street Analysts Forecast Growth

T has been the subject of several research analyst reports. Sanford C. Bernstein upped their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. Raymond James Financial reiterated a "strong-buy" rating and set a $33.00 price objective (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. Finally, Scotiabank set a $30.25 price target on AT&T and gave the company a "sector perform" rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.65.

AT&T 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.

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