AT&T Inc. $T Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV trimmed its position in shares of AT&T Inc. (NYSE:T) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,419 shares of the technology company’s stock after selling 1,060 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in AT&T were worth $996,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in T. Stone House Investment Management LLC acquired a new stake in AT&T during the 1st quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in AT&T during the 2nd quarter valued at $26,000. Hager Investment Management Services LLC grew 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 valued at $28,000 after purchasing an additional 641 shares in the last quarter. Kennebec Savings Bank grew its holdings in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Core Alternative Capital grew 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 valued at $29,000 after purchasing an additional 568 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on T. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Saturday, September 27th. The Goldman Sachs Group assumed coverage on shares of AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price objective for the company. UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. Finally, Barclays reissued an “equal weight” rating and set a $30.00 price objective on shares of AT&T in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.74.

AT&T Stock Up 0.2%

T stock opened at $27.06 on Friday. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The company has a market capitalization of $193.49 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. The firm’s 50-day moving average is $28.60 and its two-hundred day moving average is $27.91. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last released 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 net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same period in the previous year, the firm earned $0.51 EPS. AT&T’s revenue was up 3.4% on a year-over-year basis. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared 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. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is 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.