Professional Advisory Services Inc. Has $11.08 Million Position in AT&T Inc. $T

Professional Advisory Services Inc. lessened its stake in shares of AT&T Inc. (NYSE:T) by 48.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,170 shares of the technology company’s stock after selling 365,913 shares during the period. Professional Advisory Services Inc.’s holdings in AT&T were worth $11,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of T. Front Row Advisors LLC bought a new position in shares of AT&T in the second quarter worth $25,000. Mountain Hill Investment Partners Corp. lifted its position in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares during the period. Kennebec Savings Bank grew its stake 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 buying an additional 783 shares in the last quarter. Solstein Capital LLC increased 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 period. Finally, Curio Wealth LLC increased its holdings in AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $23.50 on Tuesday. The company’s 50 day moving average price is $24.78 and its two-hundred day moving average price is $26.56. The firm has a market capitalization of $166.60 billion, a P/E ratio of 7.63, a P/E/G ratio of 1.28 and a beta of 0.39. AT&T Inc. has a fifty-two week low of $21.98 and a fifty-two week 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.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the prior year, the company earned $0.60 EPS. AT&T’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be given a $0.2775 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on T. Williams Trading set a $33.00 price target on shares of AT&T in a report on Thursday, October 23rd. The Goldman Sachs Group lowered their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group reiterated a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. Finally, Arete Research set a $20.00 price objective on AT&T in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average target price of $29.36.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.