AT&T Inc. (NYSE:T) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 17.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,839 shares of the technology company’s stock after selling 12,687 shares during the period. Strategic Advisors LLC’s holdings in AT&T were worth $1,749,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in T. Kercheville Advisors LLC purchased a new position in AT&T in the 1st quarter valued at about $568,000. Vicus Capital raised its stake in AT&T by 31.7% during the first quarter. Vicus Capital now owns 51,530 shares of the technology company’s stock worth $1,457,000 after acquiring an additional 12,412 shares during the period. Inscription Capital LLC bought a new stake in AT&T in the first quarter valued at $1,179,000. Grove Bank & Trust boosted its position in shares of AT&T by 71.7% during the first quarter. Grove Bank & Trust now owns 21,352 shares of the technology company’s stock worth $604,000 after buying an additional 8,918 shares during the period. Finally, Community Trust & Investment Co. acquired a new stake in shares of AT&T in the 1st quarter worth approximately $309,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 0.9%

Shares of NYSE T opened at $27.95 on Tuesday. The firm’s 50 day moving average price is $27.44 and its 200-day moving average price is $25.69. AT&T Inc. has a 52-week low of $17.49 and a 52-week high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market cap of $201.08 billion, a PE ratio of 18.76, a P/E/G ratio of 3.00 and a beta of 0.41.

AT&T (NYSE:T) last released its quarterly earnings data 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). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the company posted $0.55 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is 68.10%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on T shares. Oppenheimer lifted their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Tigress Financial raised their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. TD Securities increased their price target on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company boosted their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $28.71.

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.