DSG Capital Advisors LLC Reduces Holdings in AT&T Inc. (NYSE:T)

DSG Capital Advisors LLC cut its position in AT&T Inc. (NYSE:T - Free Report) by 71.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,591 shares of the technology company's stock after selling 68,295 shares during the period. DSG Capital Advisors LLC's holdings in AT&T were worth $780,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Next Level Private LLC raised its holdings in AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after buying an additional 379 shares during the last quarter. Carolinas Wealth Consulting LLC increased its position in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after acquiring an additional 384 shares in the last quarter. Kozak & Associates Inc. raised its holdings in shares of AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after acquiring an additional 398 shares during the last quarter. Silver Oak Securities Incorporated raised its holdings in shares of AT&T by 0.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after acquiring an additional 398 shares during the last quarter. Finally, Firethorn Wealth Partners LLC lifted its position in AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after acquiring an additional 399 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on T. Royal Bank Of Canada boosted their price objective on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Barclays increased their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Citigroup restated a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.90.

AT&T Stock Performance

T traded down $0.06 during trading on Tuesday, hitting $28.88. 25,973,823 shares of the company traded hands, compared to its average volume of 36,404,533. AT&T Inc. has a one year low of $18.14 and a one year high of $29.18. The stock's fifty day moving average is $27.68 and its 200 day moving average is $26.01. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The firm has a market cap of $207.81 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 3.98 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.84%. AT&T's payout ratio is 68.10%.

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.