Eads & Heald Wealth Management Decreases Holdings in AT&T Inc. $T

Eads & Heald Wealth Management decreased its stake in AT&T Inc. (NYSE:T) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,790 shares of the technology company’s stock after selling 1,165 shares during the period. Eads & Heald Wealth Management’s holdings in AT&T were worth $283,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of T. Brighton Jones LLC grew its stake in shares of AT&T by 26.5% during 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 period. Hennion & Walsh Asset Management Inc. raised its position in shares of AT&T by 24.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,035 shares of the technology company’s stock valued at $397,000 after purchasing an additional 2,725 shares during the period. KFG Wealth Management LLC purchased a new stake in shares of AT&T during the 1st quarter valued at approximately $228,000. Sivia Capital Partners LLC grew its stake in AT&T by 6.7% in the 1st quarter. Sivia Capital Partners LLC now owns 16,509 shares of the technology company’s stock valued at $467,000 after buying an additional 1,032 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of AT&T by 1.9% in the first quarter. UMB Bank n.a. now owns 179,776 shares of the technology company’s stock worth $5,084,000 after acquiring an additional 3,266 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of a number of analyst reports. HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Thursday, July 24th. Scotiabank upped their price target on AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a research report on Friday, July 11th. Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. Barclays reaffirmed an “equal weight” rating and set a $30.00 target price on shares of AT&T in a report on Wednesday. Finally, Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Stock Performance

NYSE:T opened at $27.06 on Monday. The company has a market capitalization of $193.49 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.46 and a beta of 0.42. The business has a 50 day moving average of $28.60 and a 200 day moving average of $27.93. 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 Inc. has a 1-year low of $21.05 and a 1-year high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data 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 net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same period in the previous year, the business posted $0.51 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared 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. This represents a $1.11 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is presently 63.07%.

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.