Dupree Financial Group LLC Sells 45,182 Shares of AT&T Inc. $T

Key Points

• Dupree Financial Group LLC reduced its stake in AT&T by 20.6%, selling 45,182 shares in the second quarter, leaving it with 173,808 shares valued at approximately $5.03 million.
• AT&T recently announced a quarterly dividend of $0.2775 per share, representing an annualized yield of 4.3%, with the payment date set for November 3rd.
• AT&T's current consensus rating is "Moderate Buy" with an average price target of $30.65, based on recent analyst evaluations.

Dupree Financial Group LLC lowered its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 20.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,808 shares of the technology company's stock after selling 45,182 shares during the quarter. AT&T makes up 2.0% of Dupree Financial Group LLC's portfolio, making the stock its 23rd biggest holding. Dupree Financial Group LLC's holdings in AT&T were worth $5,030,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in T. Stone House Investment Management LLC bought a new stake in shares of AT&T during the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in AT&T during the second quarter valued at $26,000. Kennebec Savings Bank grew its stake in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock valued at $28,000 after acquiring an additional 783 shares in the last quarter. Hager Investment Management Services LLC increased its holdings in AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after acquiring an additional 641 shares during the last quarter. Finally, IMA Advisory Services Inc. purchased a new stake in AT&T in the 1st quarter worth $29,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on T. Weiss Ratings reiterated a "buy (b)" rating on shares of AT&T in a research report on Wednesday, October 8th. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Barclays reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of AT&T in a report on Wednesday, October 1st. Citigroup reissued a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein boosted their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. One equities 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 company's stock. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $30.65.

AT&T Stock Performance

Shares of NYSE:T opened at $26.08 on Tuesday. The firm has a market cap of $186.45 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42. The firm's 50 day simple moving average is $28.23 and its 200-day simple moving average is $27.80. AT&T Inc. has a one year low of $21.05 and a one year 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 posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The business's revenue was up 3.4% 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 year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T's dividend payout ratio is presently 63.07%.

About AT&T

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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