Carson Advisory Inc. Sells 3,391 Shares of AT&T Inc. $T

Carson Advisory Inc. lowered its stake in AT&T Inc. (NYSE:T) by 4.0% in the second quarter, Holdings Channel reports. The fund owned 81,503 shares of the technology company’s stock after selling 3,391 shares during the quarter. AT&T accounts for approximately 1.5% of Carson Advisory Inc.’s investment portfolio, making the stock its 18th largest holding. Carson Advisory Inc.’s holdings in AT&T were worth $2,359,000 at the end of the most recent reporting period.

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

AT&T Stock Up 0.3%

Shares of AT&T stock opened at $24.76 on Friday. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The stock’s 50-day moving average is $27.57 and its 200 day moving average is $27.70. The firm has a market cap of $177.01 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.16 and a beta of 0.42.

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

AT&T Announces Dividend

The firm 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 of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. UBS Group reiterated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, October 23rd. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Finally, Bank of America initiated coverage on shares of AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

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.