Private Wealth Partners LLC Sells 4,266 Shares of AT&T Inc. (T)

Private Wealth Partners LLC cut its holdings in AT&T Inc. (NYSE:T) by 4.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,743 shares of the technology company’s stock after selling 4,266 shares during the period. Private Wealth Partners LLC’s holdings in AT&T were worth $3,876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of T. Taylor Wealth Management Partners increased its holdings in AT&T by 0.4% during the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the last quarter. Cedar Wealth Management LLC increased its holdings in AT&T by 0.9% during the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock worth $228,000 after buying an additional 50 shares during the last quarter. Headinvest LLC increased its holdings in AT&T by 0.3% during the second quarter. Headinvest LLC now owns 28,069 shares of the technology company’s stock worth $1,059,000 after buying an additional 74 shares during the last quarter. Moon Capital Management LLC increased its holdings in AT&T by 0.3% during the second quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock worth $824,000 after buying an additional 75 shares during the last quarter. Finally, Orca Investment Management LLC increased its holdings in AT&T by 0.7% during the second quarter. Orca Investment Management LLC now owns 14,205 shares of the technology company’s stock worth $536,000 after buying an additional 100 shares during the last quarter. Institutional investors own 54.99% of the company’s stock.

T has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Macquarie restated a “buy” rating and set a $43.00 target price on shares of AT&T in a report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $42.00 target price on shares of AT&T in a report on Sunday, July 9th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a report on Monday, July 10th. Finally, Bank of America Corporation downgraded shares of AT&T from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $39.00 in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have assigned a buy rating to the stock. AT&T presently has a consensus rating of “Hold” and an average price target of $43.87.

Shares of AT&T Inc. (NYSE T) opened at 38.59 on Monday. AT&T Inc. has a 52-week low of $35.10 and a 52-week high of $43.03. The company’s 50-day moving average is $37.82 and its 200 day moving average is $38.56. The company has a market cap of $236.94 billion, a PE ratio of 18.13 and a beta of 0.49.

AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, analysts anticipate that AT&T Inc. will post $2.94 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 5.08%. AT&T’s dividend payout ratio is currently 92.45%.

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AT&T Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Institutional Ownership by Quarter for AT&T (NYSE:T)

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