Capital Asset Advisory Services LLC Sells 15,223 Shares of AT&T Inc. $T

Capital Asset Advisory Services LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 29.6% during the second quarter, HoldingsChannel reports. The fund owned 36,187 shares of the technology company’s stock after selling 15,223 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in AT&T were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of T. Stone House Investment Management LLC bought a new stake in AT&T in the 1st quarter valued at $25,000. Hager Investment Management Services LLC increased its holdings in 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 buying an additional 641 shares during the period. IMA Advisory Services Inc. bought a new stake in AT&T in the 1st quarter valued at $29,000. Core Alternative Capital increased its holdings in 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 buying an additional 568 shares during the period. Finally, Capital A Wealth Management LLC bought a new stake in AT&T in the 4th quarter valued at $25,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the topic of several analyst reports. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Thursday, July 24th. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Raymond James Financial reissued a “strong-buy” rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, July 24th. The Goldman Sachs Group started coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Sanford C. Bernstein boosted their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.60.

AT&T Stock Up 0.3%

Shares of NYSE:T opened at $29.59 on Monday. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The company’s fifty day moving average is $28.31 and its 200-day moving average is $27.74. The company has a market capitalization of $211.58 billion, a PE ratio of 16.81, a P/E/G ratio of 3.68 and a beta of 0.44.

AT&T (NYSE:T) last issued its 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. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.8%. AT&T’s dividend payout ratio is 63.07%.

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.