QTR Family Wealth LLC Sells 386 Shares of AT&T Inc. $T

QTR Family Wealth LLC lowered its holdings in shares of AT&T Inc. (NYSE:T) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,378 shares of the technology company’s stock after selling 386 shares during the quarter. QTR Family Wealth LLC’s holdings in AT&T were worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of T. Brighton Jones LLC lifted its holdings in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Fragasso Financial Advisors Inc lifted its holdings in shares of AT&T by 6.2% in the 1st quarter. Fragasso Financial Advisors Inc now owns 13,442 shares of the technology company’s stock worth $380,000 after acquiring an additional 784 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of AT&T by 8.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 18,516 shares of the technology company’s stock worth $524,000 after acquiring an additional 1,392 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of AT&T by 27.5% in the 1st quarter. Merit Financial Group LLC now owns 382,332 shares of the technology company’s stock worth $10,812,000 after acquiring an additional 82,401 shares during the last quarter. Finally, Rialto Wealth Management LLC lifted its holdings in shares of AT&T by 23.7% in the 1st quarter. Rialto Wealth Management LLC now owns 4,258 shares of the technology company’s stock worth $120,000 after acquiring an additional 815 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.6%

Shares of T opened at $28.25 on Wednesday. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The company has a 50-day moving average of $28.64 and a 200 day moving average of $27.91. The firm has a market capitalization of $202.00 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 3.59 and a beta of 0.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. AT&T’s dividend payout ratio (DPR) is 63.07%.

Analysts Set New Price Targets

Several research firms have recently issued reports on T. UBS Group set a $33.00 target price on shares of AT&T in a report on Thursday, September 18th. Bank of America assumed coverage on shares of AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 target price for the company. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Morgan Stanley lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.74.

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.