Chiron Capital Management LLC Has $968,000 Holdings in AT&T Inc. $T

Key Points

• Chiron Capital Management LLC has reduced its stake in AT&T Inc. by 34.6%, selling 18,096 shares to own a total of 34,244 shares valued at approximately $968,000.
• Multiple institutional investors, including Vanguard Group Inc. and GQG Partners LLC, have increased their holdings in AT&T, reflecting strong interest as institutional ownership now stands at 57.10%.
• AT&T reported earnings of $0.54 EPS for the last quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.2775 per share, yielding 3.8%.

Chiron Capital Management LLC lessened its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 34.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,244 shares of the technology company's stock after selling 18,096 shares during the quarter. Chiron Capital Management LLC's holdings in AT&T were worth $968,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in T. Ashton Thomas Securities LLC raised its holdings in AT&T by 23.2% in the 1st quarter. Ashton Thomas Securities LLC now owns 59,330 shares of the technology company's stock valued at $1,678,000 after buying an additional 11,160 shares during the period. First Manhattan CO. LLC. increased its position in shares of AT&T by 8.0% in the first quarter. First Manhattan CO. LLC. now owns 67,340 shares of the technology company's stock valued at $1,904,000 after buying an additional 4,995 shares in the last quarter. 1248 Management LLC purchased a new stake in AT&T during the 1st quarter worth $41,000. Maverick Capital Ltd. acquired a new position in AT&T during the 1st quarter worth $681,000. Finally, Focus Partners Advisor Solutions LLC grew its holdings in shares of AT&T by 1.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 132,714 shares of the technology company's stock valued at $3,753,000 after acquiring an additional 1,379 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

T traded down $0.06 during trading on Wednesday, hitting $29.03. The stock had a trading volume of 27,239,432 shares, compared to its average volume of 36,846,551. The firm has a market capitalization of $207.54 billion, a P/E ratio of 16.49, a PEG ratio of 3.62 and a beta of 0.44. AT&T Inc. has a twelve month low of $20.25 and a twelve month high of $29.65. The company's 50-day moving average price is $28.15 and its 200 day moving average price is $27.57. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

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

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T's payout ratio is presently 63.07%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on T. Hsbc Global Res cut AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. The Goldman Sachs Group began coverage on AT&T in a report on Tuesday. They set a "buy" rating and a $32.00 price objective for the company. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Tuesday, August 26th. Scotiabank raised their target price on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Finally, Bank of America initiated coverage on shares of AT&T in a research report on Monday, July 7th. They set a "buy" rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.40.

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.