AT&T Inc. $T Shares Sold by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC lowered its holdings in AT&T Inc. (NYSE:T) by 19.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,892 shares of the technology company’s stock after selling 2,376 shares during the quarter. Uhlmann Price Securities LLC’s holdings in AT&T were worth $286,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of T. Brighton Jones LLC boosted its stake in AT&T by 26.5% during the fourth 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 raised its stake in shares of AT&T by 15.5% in the 1st quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock valued at $4,673,000 after acquiring an additional 22,195 shares during the period. World Equity Group Inc. lifted its holdings in shares of AT&T by 28.9% in the 1st quarter. World Equity Group Inc. now owns 14,856 shares of the technology company’s stock worth $386,000 after acquiring an additional 3,331 shares during the last quarter. Garde Capital Inc. boosted its position in shares of AT&T by 7.3% during the 1st quarter. Garde Capital Inc. now owns 7,110 shares of the technology company’s stock worth $201,000 after purchasing an additional 485 shares during the period. Finally, Rappaport Reiches Capital Management LLC purchased a new position in shares of AT&T during the first quarter worth $218,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.5%

NYSE T opened at $26.33 on Monday. The firm’s fifty day moving average price is $28.27 and its 200 day moving average price is $27.80. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $188.24 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion during 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%. AT&T’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on T. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. UBS Group set a $33.00 price target on shares of AT&T in a research note on Thursday, September 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their target price on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Sanford C. Bernstein increased their price target on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.65.

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.