Aull & Monroe Investment Management Corp Decreases Position in AT&T Inc. $T

Key Points

• Aull & Monroe Investment Management Corp reduced its stake in AT&T Inc. by 8.6% during Q2, owning 104,473 shares now worth $3,023,000.
• AT&T reported $30.85 billion in quarterly revenue and $0.54 EPS, exceeding analysts' expectations and marking a 3.4% increase in revenue from the previous year.
• The company announced a quarterly dividend of $0.2775 per share, with a dividend yield of 4.2%, scheduled for payment on November 3rd.

Aull & Monroe Investment Management Corp trimmed its position in shares of AT&T Inc. (NYSE:T - Free Report) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,473 shares of the technology company's stock after selling 9,850 shares during the quarter. AT&T makes up 1.6% of Aull & Monroe Investment Management Corp's portfolio, making the stock its 20th biggest holding. Aull & Monroe Investment Management Corp's holdings in AT&T were worth $3,023,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in shares of AT&T in the first quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T in the second quarter worth $26,000. Kennebec Savings Bank raised its holdings in shares of AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock worth $28,000 after acquiring an additional 783 shares during the last quarter. Hager Investment Management Services LLC raised its holdings in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after acquiring an additional 641 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in shares of AT&T in the first quarter worth $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T stock opened at $26.33 on Friday. The stock has a 50-day moving average price of $28.27 and a two-hundred day moving average price of $27.81. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a market cap of $188.24 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

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

Analyst Ratings Changes

T has been the subject of several analyst reports. HSBC lowered AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price for the company. in a research note on Thursday, July 24th. The Goldman Sachs Group initiated coverage on AT&T in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 target price for the company. Scotiabank set a $30.25 target price on AT&T and gave the company a "sector perform" rating in a research note on Monday, October 6th. Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Finally, Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $30.65.

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.

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