AT&T Inc. (NYSE:T) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. lowered its stake in AT&T Inc. (NYSE:T - Free Report) by 25.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,477 shares of the technology company's stock after selling 14,720 shares during the period. Montag A & Associates Inc.'s holdings in AT&T were worth $1,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of T. Next Level Private LLC increased its position in shares of 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 buying an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC increased its position in shares of 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 buying an additional 384 shares in the last quarter. Kozak & Associates Inc. increased its position in shares of 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 buying an additional 398 shares in the last quarter. Silver Oak Securities Incorporated increased its position in shares of 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 buying an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC increased its position in shares of 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 buying an additional 399 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Scotiabank increased their price objective on shares of AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Royal Bank Of Canada raised their target price on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Evercore ISI raised their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.17.

AT&T Price Performance

Shares of NYSE T traded down $0.01 during midday trading on Tuesday, reaching $27.37. The stock had a trading volume of 35,117,386 shares, compared to its average volume of 36,400,120. The stock has a 50-day moving average of $27.74 and a 200-day moving average of $26.49. 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 has a market capitalization of $196.97 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 3.36 and a beta of 0.42. AT&T Inc. has a 12-month low of $18.14 and a 12-month 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 for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the previous year, the business posted $0.55 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.05%. AT&T's dividend payout ratio is currently 68.10%.

About AT&T

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.