M Holdings Securities Inc. Reduces Stock Holdings in AT&T Inc. $T

Key Points

• M Holdings Securities Inc. reduced its stock holdings in AT&T Inc. by 10.2%, resulting in a total ownership of 105,302 shares worth approximately $2,978,000.
• During the fourth quarter, other hedge funds adjusted their positions, with Brighton Jones LLC increasing its holdings by 26.5%, while Capital International Sarl grew its stake by 196.0%.
• AT&T recently paid a quarterly dividend of $0.2775 per share, representing an annualized dividend of $1.11 and a yield of 3.8%.

M Holdings Securities Inc. lowered its position in AT&T Inc. (NYSE:T - Free Report) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,302 shares of the technology company's stock after selling 12,012 shares during the quarter. M Holdings Securities Inc.'s holdings in AT&T were worth $2,978,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in 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 buying an additional 10,188 shares during the period. Yoffe Investment Management LLC purchased a new stake in AT&T in the 4th quarter valued at about $213,000. Jump Financial LLC purchased a new stake in AT&T in the 4th quarter valued at about $1,471,000. Farringdon Capital Ltd. purchased a new stake in AT&T in the 4th quarter valued at about $247,000. Finally, Capital International Sarl grew its holdings in AT&T by 196.0% in the 4th quarter. Capital International Sarl now owns 45,142 shares of the technology company's stock valued at $1,028,000 after buying an additional 29,890 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of NYSE:T opened at $28.89 on Monday. The business's fifty day moving average price is $27.90 and its two-hundred day moving average price is $27.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of $206.57 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $19.08 and a fifty-two week high of $29.19.

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 the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business's quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T's dividend payout ratio (DPR) is presently 63.07%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on T. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. HSBC downgraded shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research report on Thursday, July 24th. Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price target on shares of AT&T in a research note on Thursday, April 24th. Finally, Barclays lifted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.21.

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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