Moloney Securities Asset Management LLC lessened its position in shares of AT&T Inc. (NYSE:T - Free Report) by 21.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,313 shares of the technology company's stock after selling 22,144 shares during the period. Moloney Securities Asset Management LLC's holdings in AT&T were worth $2,271,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Next Level Private LLC lifted its stake in AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after purchasing an additional 379 shares during the last quarter. Carolinas Wealth Consulting LLC raised its holdings in AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after acquiring an additional 384 shares during the period. Kozak & Associates Inc. raised its holdings in AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after acquiring an additional 398 shares during the period. Silver Oak Securities Incorporated raised its holdings in AT&T by 0.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock valued at $3,222,000 after acquiring an additional 398 shares during the period. Finally, Firethorn Wealth Partners LLC raised its holdings in AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after acquiring an additional 399 shares during the period. Institutional investors own 57.10% of the company's stock.
Analysts Set New Price Targets
T has been the topic of a number of recent research reports. Bank of America began coverage on AT&T in a research note on Monday. They set a "buy" rating and a $32.00 price objective on the stock. Royal Bank Of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. UBS Group reiterated a "buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Finally, Williams Trading set a $30.00 price target on AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $29.10.
Read Our Latest Research Report on AT&T
AT&T Stock Down 1.8%
T traded down $0.50 during midday trading on Thursday, reaching $27.61. 25,030,281 shares of the company were exchanged, compared to its average volume of 36,440,534. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The company's fifty day moving average price is $27.84 and its 200 day moving average price is $26.27. The company has a market cap of $198.63 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 3.51 and a beta of 0.42. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19.
AT&T (NYSE:T - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. As a group, analysts expect that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is 68.10%.
About AT&T
(
Free Report)
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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