Consolidated Portfolio Review Corp Sells 25,198 Shares of AT&T Inc. $T

Consolidated Portfolio Review Corp lowered its position in AT&T Inc. (NYSE:T - Free Report) by 37.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,226 shares of the technology company's stock after selling 25,198 shares during the quarter. Consolidated Portfolio Review Corp's holdings in AT&T were worth $1,193,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stone House Investment Management LLC bought a new position in shares of AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of AT&T during the 2nd quarter worth approximately $26,000. Hager Investment Management Services LLC lifted its position in shares of AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after buying an additional 641 shares during the period. Core Alternative Capital lifted its position in shares of AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after buying an additional 568 shares during the period. Finally, IMA Advisory Services Inc. bought a new position in shares of AT&T during the 1st quarter worth approximately $29,000. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

T has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on AT&T in a research report on Tuesday, September 2nd. They set a "buy" rating and a $32.00 target price for the company. Sanford C. Bernstein raised their price target on AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. JPMorgan Chase & Co. raised their price target on AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $33.00 price target (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.74.

AT&T Stock Down 2.5%

NYSE T opened at $27.55 on Thursday. The stock has a fifty day moving average of $28.63 and a 200-day moving average of $27.91. The stock has a market capitalization of $196.96 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 3.62 and a beta of 0.42. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. 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 released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion during the quarter, compared to analysts' expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 10th. AT&T's dividend payout ratio (DPR) is 63.07%.

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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