Wealthstream Advisors Inc. Sells 5,441 Shares of AT&T Inc. $T

Wealthstream Advisors Inc. trimmed its holdings in AT&T Inc. (NYSE:T) by 43.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,109 shares of the technology company’s stock after selling 5,441 shares during the period. Wealthstream Advisors Inc.’s holdings in AT&T were worth $206,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in T. Brighton Jones LLC boosted its holdings 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 buying an additional 10,188 shares during the period. GAMMA Investing LLC boosted its holdings in shares of AT&T by 15.5% during the 1st quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock worth $4,673,000 after buying an additional 22,195 shares during the period. Means Investment CO. Inc. boosted its holdings in shares of AT&T by 8.4% during the 1st quarter. Means Investment CO. Inc. now owns 12,498 shares of the technology company’s stock worth $353,000 after buying an additional 973 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of AT&T by 1.8% during the 1st quarter. Avior Wealth Management LLC now owns 74,413 shares of the technology company’s stock worth $2,104,000 after buying an additional 1,300 shares during the period. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of AT&T during the 1st quarter worth $216,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on T. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Wells Fargo & Company decreased their price objective on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. Morgan Stanley increased their price target 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. Finally, Scotiabank set a $30.25 price target on shares of AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.65.

AT&T Price Performance

Shares of AT&T stock opened at $26.33 on Friday. 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 fifty-two week low of $21.05 and a fifty-two week high of $29.79. The firm has a fifty day moving average price of $28.27 and a two-hundred day moving average price of $27.81. The company has a market cap of $188.24 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) 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 company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s dividend payout ratio is currently 63.07%.

AT&T 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.