Dynamic Financial Group Trims Holdings in AT&T Inc. $T

Dynamic Financial Group trimmed its position in AT&T Inc. (NYSE:T) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,934 shares of the technology company’s stock after selling 535 shares during the quarter. AT&T comprises approximately 0.9% of Dynamic Financial Group’s holdings, making the stock its 15th biggest position. Dynamic Financial Group’s holdings in AT&T were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RHS Financial LLC increased its holdings in AT&T by 15.4% in the 2nd quarter. RHS Financial LLC now owns 14,742 shares of the technology company’s stock worth $427,000 after acquiring an additional 1,963 shares in the last quarter. Ellis Investment Partners LLC boosted its stake in AT&T by 8.6% in the 2nd quarter. Ellis Investment Partners LLC now owns 8,350 shares of the technology company’s stock worth $242,000 after purchasing an additional 659 shares during the period. Retirement Planning Group LLC NY boosted its stake in AT&T by 3.9% in the 2nd quarter. Retirement Planning Group LLC NY now owns 26,129 shares of the technology company’s stock worth $756,000 after purchasing an additional 980 shares during the period. GW Henssler & Associates Ltd. bought a new position in AT&T in the 2nd quarter worth approximately $302,000. Finally, SPC Financial Inc. boosted its stake in AT&T by 4.1% in the 2nd quarter. SPC Financial Inc. now owns 96,987 shares of the technology company’s stock worth $2,807,000 after purchasing an additional 3,811 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on T. UBS Group set a $33.00 price target on AT&T in a research note on Thursday, September 18th. Raymond James Financial restated a “strong-buy” rating and issued a $33.00 price target (up from $31.00) on shares of AT&T in a research note on Thursday, September 18th. JPMorgan Chase & Co. upped their price target on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. Finally, Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.75.

AT&T Trading Down 1.0%

T stock opened at $25.85 on Monday. The firm has a fifty day moving average price of $28.45 and a 200 day moving average price of $27.88. 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 firm has a market cap of $184.82 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.42.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating 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 last year, the firm posted $0.51 earnings per share. AT&T’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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 given a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T’s dividend payout ratio (DPR) is currently 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.