Brinker Capital Inc. trimmed its stake in shares of AT&T Inc. (NYSE:T) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 348,936 shares of the technology company’s stock after selling 19,894 shares during the quarter. Brinker Capital Inc.’s holdings in AT&T were worth $13,204,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in T. Sicart Associates LLC increased its stake in AT&T by 1.7% in the 3rd quarter. Sicart Associates LLC now owns 305,260 shares of the technology company’s stock worth $11,551,000 after acquiring an additional 5,175 shares during the last quarter. Windsor Group LTD increased its stake in AT&T by 6.1% in the 3rd quarter. Windsor Group LTD now owns 54,762 shares of the technology company’s stock worth $2,031,000 after acquiring an additional 3,163 shares during the last quarter. Strs Ohio increased its stake in AT&T by 4.3% in the 3rd quarter. Strs Ohio now owns 5,071,698 shares of the technology company’s stock worth $191,913,000 after acquiring an additional 208,322 shares during the last quarter. Silver Lake Advisory LLC increased its stake in AT&T by 16.5% in the 3rd quarter. Silver Lake Advisory LLC now owns 19,282 shares of the technology company’s stock worth $730,000 after acquiring an additional 2,736 shares during the last quarter. Finally, BTR Capital Management Inc. increased its stake in AT&T by 38.9% in the 3rd quarter. BTR Capital Management Inc. now owns 79,566 shares of the technology company’s stock worth $3,011,000 after acquiring an additional 22,267 shares during the last quarter. Institutional investors own 53.06% of the company’s stock.
A number of equities analysts have weighed in on the company. Credit Suisse Group upgraded AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 target price on the stock in a research note on Thursday, July 25th. DZ Bank restated a “hold” rating and issued a $38.00 target price on shares of AT&T in a research note on Wednesday, September 18th. Citigroup upped their target price on AT&T from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Oppenheimer set a $41.00 target price on AT&T and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Desjardins restated an “average” rating and issued a $55.50 target price on shares of AT&T in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. AT&T presently has a consensus rating of “Buy” and an average price target of $38.28.
Shares of AT&T stock traded down $0.09 during trading on Monday, hitting $38.39. 11,320,356 shares of the stock traded hands, compared to its average volume of 26,948,048. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.81. The stock has a market cap of $280.63 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 2.39 and a beta of 0.63. The firm’s fifty day moving average is $37.12 and its 200-day moving average is $33.80. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $38.75.
AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89. The firm had revenue of $44.96 billion for the quarter, compared to analyst estimates of $44.97 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. On average, analysts forecast that AT&T Inc. will post 3.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.04 annualized dividend and a dividend yield of 5.31%. AT&T’s dividend payout ratio (DPR) is presently 57.95%.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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