AT&T Inc. $T Stake Trimmed by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. cut its position in shares of AT&T Inc. (NYSE:T) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,666 shares of the technology company’s stock after selling 753 shares during the quarter. Integral Investment Advisors Inc.’s holdings in AT&T were worth $424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in shares of AT&T in the first quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T during the second quarter valued at $26,000. Solstein Capital LLC lifted its stake in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares in the last quarter. Kennebec Savings Bank lifted its stake in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares in the last quarter. Finally, Hager Investment Management Services LLC boosted its position in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on T shares. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Williams Trading set a $33.00 price target on shares of AT&T in a report on Thursday. Raymond James Financial reiterated a “strong-buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Barclays cut their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Finally, Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.67.

AT&T Trading Up 1.4%

Shares of NYSE T opened at $25.50 on Tuesday. The business has a 50 day simple moving average of $27.90 and a 200 day simple moving average of $27.76. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The stock has a market cap of $182.35 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 2.03 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. On average, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

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.