AT&T Inc. $T Shares Sold by Capital Management Associates Inc

Capital Management Associates Inc trimmed its holdings in AT&T Inc. (NYSE:T) by 47.7% in the second quarter, HoldingsChannel.com reports. The firm owned 9,218 shares of the technology company’s stock after selling 8,400 shares during the quarter. Capital Management Associates Inc’s holdings in AT&T were worth $267,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Stone House Investment Management LLC acquired a new position in AT&T in the first quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at about $26,000. Hager Investment Management Services LLC boosted its position in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after purchasing an additional 641 shares during the period. Kennebec Savings Bank boosted its position in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Finally, Core Alternative Capital boosted its position in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after purchasing an additional 568 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $26.24 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The company has a market cap of $187.63 billion, a P/E ratio of 14.91, a PEG ratio of 3.35 and a beta of 0.42. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The company has a 50-day moving average price of $28.51 and a 200 day moving average price of $27.90.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. AT&T’s dividend payout ratio (DPR) is 63.07%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on T shares. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. UBS Group set a $33.00 price target on shares of AT&T in a research note on Thursday, September 18th. Wells Fargo & Company increased their price target on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group initiated coverage on shares of AT&T in a research note on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T 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.