AT&T Inc. $T Shares Sold by Realta Investment Advisors

Realta Investment Advisors trimmed its stake in shares of AT&T Inc. (NYSE:T) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,712 shares of the technology company’s stock after selling 4,932 shares during the period. Realta Investment Advisors’ holdings in AT&T were worth $542,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in AT&T in the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in AT&T in the second quarter valued at approximately $26,000. Hager Investment Management Services LLC grew its holdings in AT&T by 182.1% in the first 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 during the period. Kennebec Savings Bank grew its holdings in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Finally, Core Alternative Capital grew its holdings in AT&T by 125.4% in the first 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 during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of AT&T stock opened at $27.06 on Friday. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The company has a market cap of $193.49 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.46 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The business’s 50 day moving average price is $28.60 and its 200 day moving average price is $27.92.

AT&T (NYSE:T) last announced its quarterly earnings data 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 firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. AT&T’s payout ratio is currently 63.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. Barclays restated an “equal weight” rating and issued a $30.00 target price on shares of AT&T in a research report on Wednesday. The Goldman Sachs Group assumed coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Scotiabank raised their target price on AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.74.

About AT&T

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.