180 Wealth Advisors LLC Sells 7,715 Shares of AT&T Inc. $T

180 Wealth Advisors LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,483 shares of the technology company’s stock after selling 7,715 shares during the period. 180 Wealth Advisors LLC’s holdings in AT&T were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in shares of AT&T during the first quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T in the second quarter valued at about $26,000. Hager Investment Management Services LLC increased its position in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares during the period. Kennebec Savings Bank increased its position in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares during the period. Finally, Core Alternative Capital raised its stake in AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on T. Royal Bank Of Canada decreased their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday. Bank of America assumed coverage on AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price objective on the stock. Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. UBS Group reiterated a “buy” rating on shares of AT&T in a research report on Thursday. Finally, Morgan Stanley boosted their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $30.67.

AT&T Price Performance

Shares of T opened at $24.61 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The stock has a market cap of $175.94 billion, a PE ratio of 7.99, a PEG ratio of 2.05 and a beta of 0.42. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79. The business has a 50-day simple moving average of $28.04 and a two-hundred day simple moving average of $27.75.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s payout ratio is currently 63.07%.

AT&T 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.