JFS Wealth Advisors LLC Sells 5,425 Shares of AT&T Inc. $T

JFS Wealth Advisors LLC lessened its position in AT&T Inc. (NYSE:T) by 7.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 64,068 shares of the technology company’s stock after selling 5,425 shares during the period. JFS Wealth Advisors LLC’s holdings in AT&T were worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. David J Yvars Group raised its holdings in AT&T by 2.8% in the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after acquiring an additional 372 shares during the period. AllSquare Wealth Management LLC raised its holdings in AT&T by 7.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after acquiring an additional 378 shares during the period. Barnes Wealth Management Group Inc raised its holdings in AT&T by 2.6% in the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after acquiring an additional 380 shares during the period. Kathmere Capital Management LLC raised its holdings in AT&T by 0.8% in the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock worth $1,470,000 after acquiring an additional 381 shares during the period. Finally, James J. Burns & Company LLC raised its holdings in AT&T by 1.0% in the 2nd quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock worth $1,168,000 after acquiring an additional 383 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $25.85 on Friday. 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 firm’s 50-day simple moving average is $28.45 and its 200-day simple moving average is $27.88. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The firm has a market cap of $184.82 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.42.

AT&T (NYSE:T) last issued its 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 net margin of 10.29% and a return on equity of 13.36%. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same period in the previous year, the business earned $0.51 EPS. 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 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is 63.07%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a report on Wednesday. Finally, Scotiabank set a $30.25 price objective on shares of AT&T and gave the stock a “sector perform” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold 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 $30.75.

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.