AT&T Inc. $T Stock Holdings Reduced by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in AT&T Inc. by 50.1%, now holding 21,202 shares valued at approximately $600,000.
• AT&T's stock recently traded down 0.7% to $29.21, with a 12-month range of $21.05 to $29.79, while its market cap stands at $208.88 billion.
• The company announced a quarterly dividend of $0.2775, reflecting an annualized rate of $1.11 and a yield of 3.8%.

Dynamic Technology Lab Private Ltd trimmed its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 50.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,202 shares of the technology company's stock after selling 21,257 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in AT&T were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AllSquare Wealth Management LLC raised its position in shares of AT&T by 7.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after purchasing an additional 378 shares during the period. Next Level Private LLC raised its stake in AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after acquiring an additional 379 shares in the last quarter. Barnes Wealth Management Group Inc raised its stake in shares of AT&T by 2.6% in the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company's stock worth $425,000 after buying an additional 380 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after buying an additional 384 shares in the last quarter. Finally, Kozak & Associates Inc. raised its stake 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 buying an additional 398 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 0.7%

Shares of T stock traded down $0.21 on Wednesday, reaching $29.21. 25,362,819 shares of the company's stock traded hands, compared to its average volume of 28,433,638. AT&T Inc. has a 12-month low of $21.05 and a 12-month 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. The company has a market capitalization of $208.88 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 3.66 and a beta of 0.44. The business's 50 day moving average price is $28.26 and its two-hundred day moving average price is $27.69.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.54 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 for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders 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 yield of 3.8%. AT&T's payout ratio is 63.07%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on T. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. The Goldman Sachs Group began coverage on AT&T in a report on Tuesday, September 2nd. They set a "buy" rating and a $32.00 price objective on the stock. Scotiabank boosted their price objective on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. UBS Group set a $32.00 price objective on AT&T in a report on Thursday, September 4th. Finally, Sanford C. Bernstein lifted 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. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.60.

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.