International Private Wealth Advisors LLC Has $496,000 Stake in AT&T Inc. $T

Key Points

• International Private Wealth Advisors LLC reduced its holdings in AT&T Inc. by 33.7%, now owning 17,122 shares valued at $496,000.
• AT&T's latest quarterly earnings showed a net margin of 10.29% and revenue of $30.85 billion, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.2775, translating to an annual yield of 3.8% and a payout ratio of 63.07%.

International Private Wealth Advisors LLC reduced its stake in AT&T Inc. (NYSE:T - Free Report) by 33.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,122 shares of the technology company's stock after selling 8,699 shares during the period. International Private Wealth Advisors LLC's holdings in AT&T were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of T. Capital A Wealth Management LLC purchased a new stake in shares of AT&T in the fourth quarter worth $25,000. Stone House Investment Management LLC bought a new position in shares of AT&T during the first quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in shares of AT&T during the second quarter valued at $26,000. Putney Financial Group LLC bought a new position in shares of AT&T during the fourth quarter valued at $27,000. Finally, Hager Investment Management Services LLC lifted its holdings in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after purchasing an additional 641 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on T. JPMorgan Chase & Co. upped 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. UBS Group set a $33.00 price target on AT&T in a report on Thursday. Sanford C. Bernstein upped 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. Raymond James Financial reissued a "strong-buy" rating and issued a $33.00 target price (up previously from $31.00) on shares of AT&T in a report on Thursday. Finally, The Goldman Sachs Group began coverage on AT&T in a report on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.74.

AT&T Stock Down 0.5%

Shares of NYSE:T traded down $0.16 during midday trading on Friday, hitting $29.04. 62,059,787 shares of the company's stock traded hands, compared to its average volume of 28,068,662. 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 cap of $207.65 billion, a PE ratio of 16.50, a P/E/G ratio of 3.59 and a beta of 0.44. The firm's fifty day moving average price is $28.45 and its two-hundred day moving average price is $27.82. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal 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 given a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.8%. AT&T's dividend payout ratio 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.