AT&T Inc. $T Shares Sold by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 55.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,038 shares of the technology company’s stock after selling 18,892 shares during the period. Strategic Financial Concepts LLC’s holdings in AT&T were worth $398,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of AT&T by 74.9% during the 1st quarter. Golden State Wealth Management LLC now owns 7,341 shares of the technology company’s stock worth $208,000 after purchasing an additional 3,143 shares during the period. Strategic Blueprint LLC lifted its stake in shares of AT&T by 16.3% during the 1st quarter. Strategic Blueprint LLC now owns 35,780 shares of the technology company’s stock worth $1,012,000 after purchasing an additional 5,011 shares during the period. HM Payson & Co. lifted its stake in shares of AT&T by 13.2% during the 1st quarter. HM Payson & Co. now owns 23,568 shares of the technology company’s stock worth $666,000 after purchasing an additional 2,743 shares during the period. Finally, Core Alternative Capital lifted its stake in shares of AT&T by 125.4% during 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 period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock opened at $24.76 on Monday. The stock’s 50-day moving average is $27.57 and its 200-day moving average is $27.71. The company has a market cap of $177.01 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 2.16 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. AT&T Inc. has a 12 month low of $21.38 and a 12 month high of $29.79.

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

AT&T Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s dividend payout ratio (DPR) is 36.04%.

Analysts Set New Price Targets

A number of research analysts have weighed in on T shares. HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Thursday, July 24th. Royal Bank Of Canada reduced their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. The Goldman Sachs Group started coverage on AT&T in a research note on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price target on the stock. Wall Street Zen raised AT&T from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Morgan Stanley increased their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

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.