AT&T Inc. $T Shares Sold by Intrua Financial LLC

Intrua Financial LLC trimmed its position in AT&T Inc. (NYSE:T) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,893 shares of the technology company’s stock after selling 15,345 shares during the period. Intrua Financial LLC’s holdings in AT&T were worth $3,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in AT&T during the 1st quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T in the second quarter worth about $26,000. Kennebec Savings Bank boosted its position in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares during the last quarter. Solstein Capital LLC grew its stake in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after acquiring an additional 652 shares in the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in AT&T in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T opened at $25.71 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The company has a 50 day moving average price of $26.83 and a 200 day moving average price of $27.57. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The stock has a market capitalization of $182.23 billion, a P/E ratio of 8.35, a PEG ratio of 2.16 and a beta of 0.40.

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, meeting the consensus estimate of $0.54. The firm had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

Analyst Ratings Changes

Several brokerages have recently weighed in on T. KeyCorp upgraded AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Tuesday. Sanford C. Bernstein raised their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Finally, UBS Group reiterated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.64.

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.