Bfsg LLC Sells 1,497 Shares of AT&T Inc. (NYSE:T)

Bfsg LLC decreased its holdings in AT&T Inc. (NYSE:T) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 276,341 shares of the technology company’s stock after selling 1,497 shares during the quarter. AT&T makes up 1.0% of Bfsg LLC’s investment portfolio, making the stock its 27th biggest holding. Bfsg LLC’s holdings in AT&T were worth $7,815,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. NBT Bank N A NY boosted its position in AT&T by 7.5% during the first quarter. NBT Bank N A NY now owns 129,428 shares of the technology company’s stock valued at $3,660,000 after acquiring an additional 8,989 shares during the last quarter. Kercheville Advisors LLC bought a new stake in AT&T during the first quarter valued at $568,000. Vicus Capital boosted its position in AT&T by 31.7% during the first quarter. Vicus Capital now owns 51,530 shares of the technology company’s stock valued at $1,457,000 after acquiring an additional 12,412 shares during the last quarter. Inscription Capital LLC bought a new stake in AT&T during the first quarter valued at $1,179,000. Finally, Grove Bank & Trust boosted its position in AT&T by 71.7% during the first quarter. Grove Bank & Trust now owns 21,352 shares of the technology company’s stock valued at $604,000 after acquiring an additional 8,918 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.9%

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

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. As a group, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on T. TD Securities upped their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Barclays upped their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Tigress Financial upped their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.71.

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.