Realta Investment Advisors Trims Stake in AT&T Inc. $T

Realta Investment Advisors lowered its holdings in AT&T Inc. (NYSE:T) by 20.9% during the second quarter, Holdings Channel.com reports. The firm owned 18,712 shares of the technology company’s stock after selling 4,932 shares during the period. Realta Investment Advisors’ holdings in AT&T were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Brighton Jones LLC raised its position in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of AT&T by 24.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,035 shares of the technology company’s stock valued at $397,000 after buying an additional 2,725 shares in the last quarter. Vest Financial LLC grew its stake in shares of AT&T by 47.8% in the first quarter. Vest Financial LLC now owns 119,184 shares of the technology company’s stock valued at $3,371,000 after buying an additional 38,528 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in shares of AT&T by 5.2% in the first quarter. Signal Advisors Wealth LLC now owns 19,465 shares of the technology company’s stock valued at $550,000 after buying an additional 963 shares in the last quarter. Finally, Magnus Financial Group LLC grew its stake in shares of AT&T by 4.0% in the first quarter. Magnus Financial Group LLC now owns 27,338 shares of the technology company’s stock valued at $773,000 after buying an additional 1,057 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on T. UBS Group set a $33.00 price objective on AT&T in a research note on Thursday, September 18th. Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Scotiabank lifted their price objective on AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a research note on Friday, July 11th. The Goldman Sachs Group began coverage on AT&T in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Sanford C. Bernstein lifted their price objective on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.74.

AT&T Trading Up 0.2%

T opened at $27.06 on Friday. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The stock has a market capitalization of $193.49 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.46 and a beta of 0.42. 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 business has a fifty day moving average price of $28.60 and a 200 day moving average price of $27.92.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.36% and a net margin of 10.29%.AT&T’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is 63.07%.

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.