Kintegral Advisory LLC Lowers Stock Holdings in AT&T Inc. (NYSE:T)

Kintegral Advisory LLC lowered its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 32.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,479 shares of the technology company's stock after selling 21,325 shares during the quarter. Kintegral Advisory LLC's holdings in AT&T were worth $1,230,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of T. Brighton Jones LLC boosted its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of AT&T by 39.7% in the fourth quarter. Proficio Capital Partners LLC now owns 28,782 shares of the technology company's stock valued at $655,000 after acquiring an additional 8,179 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of AT&T by 1.8% in the fourth quarter. Lindbrook Capital LLC now owns 38,882 shares of the technology company's stock valued at $885,000 after acquiring an additional 700 shares in the last quarter. Candriam S.C.A. lifted its position in shares of AT&T by 6.7% in the fourth quarter. Candriam S.C.A. now owns 556,249 shares of the technology company's stock valued at $12,666,000 after acquiring an additional 34,700 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its position in shares of AT&T by 64.2% in the fourth quarter. E Fund Management Co. Ltd. now owns 17,761 shares of the technology company's stock valued at $404,000 after acquiring an additional 6,946 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

T stock opened at $28.33 on Friday. The business has a fifty day moving average of $27.79 and a two-hundred day moving average of $26.12. 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 stock has a market cap of $203.82 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42. AT&T Inc. has a 52-week low of $18.14 and a 52-week high of $29.19.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.92%. AT&T's dividend payout ratio (DPR) is 68.10%.

Wall Street Analysts Forecast Growth

T has been the topic of several research reports. Oppenheimer raised their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. UBS Group restated a "buy" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. TD Securities raised their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $28.90.

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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