ARS Wealth Advisors Group LLC Trims Stock Holdings in AT&T Inc. $T

ARS Wealth Advisors Group LLC lowered its holdings in AT&T Inc. (NYSE:T) by 9.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,747 shares of the technology company’s stock after selling 2,487 shares during the period. ARS Wealth Advisors Group LLC’s holdings in AT&T were worth $658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in AT&T during the 2nd quarter worth approximately $26,000. Hager Investment Management Services LLC lifted its holdings in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after buying an additional 641 shares during the last quarter. IMA Advisory Services Inc. bought a new position in AT&T during the 1st quarter worth approximately $29,000. Finally, Core Alternative Capital lifted its holdings in AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after buying an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on T. Raymond James Financial reaffirmed a “strong-buy” rating and set a $33.00 target price (up previously from $31.00) on shares of AT&T in a report on Thursday. Morgan Stanley increased their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. HSBC downgraded AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Thursday, July 24th. Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Finally, UBS Group set a $33.00 price target on AT&T in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $30.74.

AT&T Stock Performance

T opened at $29.21 on Friday. The firm has a market cap of $208.83 billion, a PE ratio of 16.59, a P/E/G ratio of 3.65 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $28.41 and a 200-day simple moving average of $27.79. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. AT&T’s dividend payout ratio (DPR) is currently 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.