AT&T Inc. $T Shares Sold by Vestor Capital LLC

Vestor Capital LLC cut its position in AT&T Inc. (NYSE:T) by 93.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,010 shares of the technology company’s stock after selling 461,083 shares during the quarter. Vestor Capital LLC’s holdings in AT&T were worth $897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Denali Advisors LLC raised its holdings in AT&T by 5.9% in the second quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock valued at $11,606,000 after acquiring an additional 22,394 shares in the last quarter. Tredje AP fonden increased its position in shares of AT&T by 1.8% in the 2nd quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock worth $35,347,000 after purchasing an additional 21,720 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its position in shares of AT&T by 1.5% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock worth $9,380,000 after purchasing an additional 4,793 shares during the last quarter. Kickstand Ventures LLC. acquired a new stake in shares of AT&T in the 2nd quarter valued at about $489,000. Finally, Sentry Investment Management LLC lifted its position in shares of AT&T by 153.2% during the second quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock worth $625,000 after purchasing an additional 13,370 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on T shares. The Goldman Sachs Group initiated coverage on AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. Barclays decreased their target price on AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. UBS Group reissued a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. TD Cowen raised their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.64.

AT&T Stock Up 1.6%

Shares of AT&T stock opened at $25.94 on Friday. The stock has a market capitalization of $183.90 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 2.16 and a beta of 0.40. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The business’s 50 day simple moving average is $26.37 and its 200-day simple moving average is $27.48.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders 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 dividend yield of 4.3%. AT&T’s dividend payout ratio is currently 36.04%.

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.