AT&T Inc. (NYSE:T) Stock Holdings Cut by Armor Investment Advisors LLC

Armor Investment Advisors LLC lessened its position in AT&T Inc. (NYSE:T) by 17.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,060 shares of the technology company’s stock after selling 2,086 shares during the period. Armor Investment Advisors LLC’s holdings in AT&T were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in shares of AT&T during the 1st quarter valued at $165,000. Mediolanum International Funds Ltd acquired a new position in shares of AT&T in the 1st quarter valued at $1,294,000. TFB Advisors LLC purchased a new position in AT&T in the 1st quarter worth about $202,000. Catalina Capital Group LLC acquired a new stake in AT&T during the 1st quarter worth about $355,000. Finally, Csenge Advisory Group boosted its holdings in shares of AT&T by 2.6% in the first quarter. Csenge Advisory Group now owns 118,849 shares of the technology company’s stock worth $2,092,000 after buying an additional 2,998 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on T shares. Royal Bank of Canada restated a “sector perform” rating and issued a $22.00 target price on shares of AT&T in a report on Thursday, October 24th. Citigroup increased their target price on shares of AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Oppenheimer increased their price objective on AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen boosted their target price on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

AT&T Trading Up 0.1 %

Shares of T opened at $22.07 on Wednesday. The stock has a 50 day simple moving average of $21.56 and a 200-day simple moving average of $19.44. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a market cap of $158.36 billion, a PE ratio of 17.93, a PEG ratio of 3.29 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.46 and a 1 year high of $22.73.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the business earned $0.64 earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts predict that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 5.03%. AT&T’s dividend payout ratio is 90.24%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.