AT&T Inc. $T Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. reduced its holdings in AT&T Inc. (NYSE:T) by 59.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,886 shares of the technology company’s stock after selling 103,587 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in AT&T were worth $2,080,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in shares of AT&T during the 1st quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in AT&T during the second quarter worth about $26,000. Hager Investment Management Services LLC grew its position in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after buying an additional 641 shares during the period. Kennebec Savings Bank increased its holdings in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares in the last quarter. Finally, Core Alternative Capital lifted its position in shares of AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after acquiring an additional 568 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 2.2%

T stock opened at $25.17 on Friday. The company has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $27.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.01. The stock has a market capitalization of $179.95 billion, a P/E ratio of 8.17, a PEG ratio of 2.04 and a beta of 0.42. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced 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 of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays dropped their price objective on AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday. Williams Trading set a $33.00 target price on shares of AT&T in a report on Thursday. Scotiabank set a $30.25 price target on shares of AT&T and gave the company a “sector perform” rating in a research report on Monday, October 6th. Citigroup restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Finally, Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.67.

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.