Glass Jacobson Investment Advisors llc Reduces Stock Holdings in AT&T Inc. $T

Glass Jacobson Investment Advisors llc lowered its position in shares of AT&T Inc. (NYSE:T) by 94.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,038 shares of the technology company’s stock after selling 17,635 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in AT&T were worth $30,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in AT&T during the 1st quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in AT&T in the second quarter valued at $26,000. Hager Investment Management Services LLC boosted its stake 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 acquiring an additional 641 shares during 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 worth $28,000 after acquiring an additional 783 shares in the last quarter. Finally, Core Alternative Capital increased its position in shares of 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 during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Sanford C. Bernstein boosted their price objective on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Williams Trading set a $33.00 target price on shares of AT&T in a report on Thursday. Bank of America initiated coverage on shares of AT&T in a research report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.67.

AT&T Trading Up 2.2%

Shares of NYSE T opened at $25.17 on Monday. The business has a fifty day simple moving average of $27.97 and a 200-day simple moving average of $27.76. The company has a market cap of $179.95 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.03 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 company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s payout ratio is 36.04%.

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.