SLT Holdings LLC Has $324,000 Holdings in AT&T Inc. $T

Key Points

• SLT Holdings LLC reduced its stake in AT&T Inc. by 60% in Q2, now owning 11,190 shares valued at $324,000.
• AT&T recently reported Q2 earnings of $0.54 per share, exceeding estimates, with a revenue of $30.85 billion, indicating a 3.4% year-over-year increase.
• The company declared a quarterly dividend of $0.2775 per share, with an annualized yield of 4.3%, to be paid on November 3rd.

SLT Holdings LLC lessened its stake in AT&T Inc. (NYSE:T - Free Report) by 60.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,190 shares of the technology company's stock after selling 16,788 shares during the quarter. SLT Holdings LLC's holdings in AT&T were worth $324,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in T. Stone House Investment Management LLC acquired a new stake in shares of AT&T in the 1st quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at approximately $26,000. Hager Investment Management Services LLC boosted its holdings in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after buying an additional 641 shares during the last quarter. Kennebec Savings Bank boosted its holdings in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock valued at $28,000 after buying an additional 783 shares during the last quarter. Finally, Core Alternative Capital boosted its holdings in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on T. Hsbc Global Res cut shares of AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Scotiabank set a $30.25 price objective on shares of AT&T and gave the stock a "sector perform" rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. HSBC cut 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. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $30.75.

AT&T Stock Down 1.0%

T opened at $25.85 on Friday. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. 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 capitalization of $184.82 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.12 and a beta of 0.42. The stock has a fifty day moving average of $28.45 and a 200-day moving average of $27.88.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 10th. AT&T's payout ratio is 63.07%.

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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