Fort Washington Investment Advisors Inc. OH Trims Stake in AT&T Inc. $T

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in AT&T Inc. by 10%, selling 281,112 shares during the 2nd quarter, and now holds approximately $72.8 million worth of shares.
• Several institutional investors have recently altered their positions in AT&T, with Brighton Jones LLC increasing their holdings by 26.5% in the 4th quarter.
• AT&T announced a quarterly dividend of $0.2775 per share, representing an annualized yield of 3.9%, with a payout date on November 3rd for shareholders recorded by October 10th.

Fort Washington Investment Advisors Inc. OH reduced its position in shares of AT&T Inc. (NYSE:T - Free Report) by 10.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,516,932 shares of the technology company's stock after selling 281,112 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in AT&T were worth $72,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in T. Brighton Jones LLC increased its holdings in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after acquiring an additional 10,188 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of AT&T by 2.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 33,791 shares of the technology company's stock worth $956,000 after purchasing an additional 828 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of AT&T by 96.9% in the 1st quarter. Versant Capital Management Inc now owns 17,211 shares of the technology company's stock worth $487,000 after purchasing an additional 8,471 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of AT&T by 8.4% in the 1st quarter. Moody National Bank Trust Division now owns 43,402 shares of the technology company's stock worth $1,227,000 after purchasing an additional 3,370 shares in the last quarter. Finally, Quent Capital LLC boosted its position in shares of AT&T by 12.2% in the 1st quarter. Quent Capital LLC now owns 17,743 shares of the technology company's stock worth $502,000 after purchasing an additional 1,931 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent analyst reports. Hsbc Global Res cut AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Morgan Stanley raised their price objective on AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Sanford C. Bernstein raised their price objective on AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Bank of America began coverage on AT&T in a research report on Monday, July 7th. They set a "buy" rating and a $32.00 price target for the company. Finally, HSBC cut AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.74.

AT&T Stock Performance

Shares of T opened at $28.31 on Friday. The stock has a 50-day moving average of $28.61 and a two-hundred day moving average of $27.89. 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. The stock has a market cap of $202.43 billion, a P/E ratio of 16.09, a P/E/G ratio of 3.62 and a beta of 0.44.

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

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. AT&T's dividend payout ratio (DPR) is presently 63.07%.

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.

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