AT&T Inc. (NYSE:T) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC decreased its position in AT&T Inc. (NYSE:T) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,656 shares of the technology company’s stock after selling 3,218 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in AT&T were worth $2,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of T. Norges Bank acquired a new position in shares of AT&T during the 4th quarter valued at about $1,858,418,000. GQG Partners LLC increased its stake in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AT&T by 31.8% during the 4th 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 acquiring an additional 12,881,578 shares during the last quarter. Northern Trust Corp increased its stake in shares of AT&T by 16.3% during 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 acquiring an additional 10,945,679 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of AT&T by 18.2% during the 4th quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company’s stock valued at $1,085,034,000 after acquiring an additional 7,347,354 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on T. Morgan Stanley reiterated an “overweight” rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Barclays boosted their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Tigress Financial boosted their target price on AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Wells Fargo & Company boosted their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Finally, Royal Bank Of Canada boosted their target price on AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen 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 has an average rating of “Moderate Buy” and a consensus price target of $28.90.

AT&T Stock Up 0.1%

NYSE T opened at $28.33 on Friday. The stock has a market cap of $203.82 billion, a PE ratio of 17.38, a P/E/G ratio of 4.02 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19. The business has a 50 day moving average price of $27.79 and a two-hundred day moving average price of $26.15. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 68.10%.

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.