AT&T Inc. $T is LSV Asset Management’s Largest Position

LSV Asset Management lessened its holdings in AT&T Inc. (NYSE:T) by 7.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,938,216 shares of the technology company’s stock after selling 1,989,178 shares during the quarter. AT&T comprises 1.6% of LSV Asset Management’s portfolio, making the stock its largest position. LSV Asset Management owned approximately 0.33% of AT&T worth $692,772,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in T. Stone House Investment Management LLC purchased a new stake in shares of AT&T in the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in AT&T during the second quarter valued at $26,000. Kennebec Savings Bank boosted its holdings in AT&T by 412.1% in 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 in the last quarter. Solstein Capital LLC grew its stake in shares of AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares during the last quarter. Finally, IMA Advisory Services Inc. purchased a new stake in shares of AT&T in the first quarter worth $29,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 0.7%

AT&T stock opened at $25.58 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The company has a market cap of $181.31 billion, a P/E ratio of 8.30, a P/E/G ratio of 2.16 and a beta of 0.40. The business has a 50-day simple moving average of $26.75 and a two-hundred day simple moving average of $27.56. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79.

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. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same period last year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s payout ratio is 36.04%.

Analysts Set New Price Targets

T has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. Scotiabank set a $30.25 price objective on shares of AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. Williams Trading set a $33.00 target price on shares of AT&T in a research note on Thursday, October 23rd. Cowen reissued a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.64.

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.