AT&T Inc. $T Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its position in AT&T Inc. (NYSE:T) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,354 shares of the technology company’s stock after selling 2,462 shares during the period. Foster & Motley Inc.’s holdings in AT&T were worth $4,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in T. Stone House Investment Management LLC acquired a new stake in AT&T in the first quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in AT&T in the second quarter valued at about $26,000. Hager Investment Management Services LLC lifted its position 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 lifted its position 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 increased 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 buying an additional 568 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on T. JPMorgan Chase & Co. increased their target price on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. UBS Group set a $33.00 target price on shares of AT&T in a report on Thursday, September 18th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 target price (up 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, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.65.

AT&T Trading Up 0.5%

Shares of T opened at $26.33 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $28.27 and a 200-day simple moving average of $27.81. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The stock has a market cap of $188.24 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.12 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share 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 business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is presently 63.07%.

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.