AT&T Inc. $T Shares Sold by Persium Advisors LLC

Persium Advisors LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,551 shares of the technology company’s stock after selling 1,575 shares during the period. AT&T accounts for approximately 0.9% of Persium Advisors LLC’s portfolio, making the stock its 9th biggest holding. Persium Advisors LLC’s holdings in AT&T were worth $1,029,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Capstone Wealth Management LLC acquired a new stake in shares of AT&T in the 1st quarter worth $201,000. Wedmont Private Capital lifted its holdings in AT&T by 7.9% in the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock valued at $3,302,000 after acquiring an additional 9,027 shares during the period. Xponance Inc. boosted its position in shares of AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock worth $31,389,000 after purchasing an additional 102,419 shares in the last quarter. NBT Bank N A NY boosted its position in shares of AT&T by 7.5% during the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company’s stock worth $3,660,000 after purchasing an additional 8,989 shares in the last quarter. Finally, Park Edge Advisors LLC acquired a new position in shares of AT&T during the 1st quarter worth $1,000,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T opened at $29.59 on Monday. The firm has a market cap of $211.58 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 3.68 and a beta of 0.44. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average is $28.31 and its two-hundred day moving average is $27.74. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same period in the previous year, the firm posted $0.51 EPS. AT&T’s revenue was up 3.4% on a year-over-year basis. Research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, July 10th. AT&T’s dividend payout ratio is presently 63.07%.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. Bank of America initiated coverage on shares of AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective on the stock. UBS Group set a $32.00 price target on AT&T in a research note on Thursday, September 4th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Thursday, July 24th. Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Finally, Sanford C. Bernstein lifted their price target on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.60.

AT&T 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.