One Wealth Advisors LLC Sells 562 Shares of AT&T Inc. $T

One Wealth Advisors LLC trimmed its stake in AT&T Inc. (NYSE:T) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,085 shares of the technology company’s stock after selling 562 shares during the period. One Wealth Advisors LLC’s holdings in AT&T were worth $494,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of T. Brighton Jones LLC grew its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares during the last quarter. JGP Wealth Management LLC bought a new position in AT&T during the first quarter valued at approximately $209,000. Moller Wealth Partners bought a new position in AT&T during the first quarter valued at approximately $246,000. Fiduciary Alliance LLC grew its position in AT&T by 172.8% during the first quarter. Fiduciary Alliance LLC now owns 195,495 shares of the technology company’s stock valued at $5,529,000 after acquiring an additional 123,829 shares during the last quarter. Finally, Worth Asset Management LLC grew its position in AT&T by 551.0% during the first quarter. Worth Asset Management LLC now owns 78,736 shares of the technology company’s stock valued at $2,227,000 after acquiring an additional 66,641 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T stock opened at $28.07 on Tuesday. The stock has a fifty day moving average of $28.62 and a 200 day moving average of $27.91. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The firm has a market capitalization of $200.71 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 3.62 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.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $30.44 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.0%. AT&T’s dividend payout ratio (DPR) is currently 63.07%.

Analyst Ratings Changes

A number of brokerages have commented on T. Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Morgan Stanley increased their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Sanford C. Bernstein increased their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. raised their target price on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $33.00 target price (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.74.

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.