AT&T Inc. $T Shares Sold by Cladis Investment Advisory LLC

Cladis Investment Advisory LLC trimmed its position in AT&T Inc. (NYSE:T) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,810 shares of the technology company’s stock after selling 7,611 shares during the quarter. AT&T makes up approximately 1.7% of Cladis Investment Advisory LLC’s portfolio, making the stock its 11th largest position. Cladis Investment Advisory LLC’s holdings in AT&T were worth $2,370,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in AT&T by 1.3% during the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company’s stock worth $18,411,543,000 after buying an additional 8,185,006 shares in the last quarter. GQG Partners LLC boosted its stake in shares of AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after purchasing an additional 17,177,874 shares in the last quarter. Northern Trust Corp boosted its stake in shares of AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company’s stock valued at $1,779,438,000 after purchasing an additional 10,945,679 shares in the last quarter. Capital World Investors boosted its stake in shares of AT&T by 5.2% in the 4th quarter. Capital World Investors now owns 57,425,387 shares of the technology company’s stock valued at $1,307,576,000 after purchasing an additional 2,841,837 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AT&T by 31.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company’s stock valued at $1,216,665,000 after buying an additional 12,881,578 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T opened at $28.89 on Monday. 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 stock has a 50 day simple moving average of $27.90 and a 200 day simple moving average of $27.23. AT&T Inc. has a 52-week low of $19.08 and a 52-week high of $29.19. The firm has a market capitalization of $206.57 billion, a PE ratio of 16.41, a P/E/G ratio of 3.57 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 (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same period in the previous year, the firm earned $0.51 EPS. AT&T’s quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.8%. AT&T’s dividend payout ratio is 63.07%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research analyst reports. TD Securities lifted their price target on AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, April 24th. Bank of America initiated coverage on AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 price target for the company. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a report on Thursday, April 24th. Morgan Stanley lifted their price target on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Finally, Tigress Financial lifted their price target on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.21.

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.