Concurrent Investment Advisors LLC Has $10.13 Million Stock Holdings in AT&T Inc. $T

Concurrent Investment Advisors LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,652 shares of the technology company’s stock after selling 42,817 shares during the period. Concurrent Investment Advisors LLC’s holdings in AT&T were worth $10,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in T. Denali Advisors LLC grew its position in shares of 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 purchasing an additional 22,394 shares in the last quarter. Tredje AP fonden boosted its stake in 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 period. CHURCHILL MANAGEMENT Corp grew its holdings in AT&T by 1.5% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after buying an additional 4,793 shares in the last quarter. Kickstand Ventures LLC. bought a new stake in shares of AT&T during the second quarter valued at about $489,000. Finally, Sentry Investment Management LLC increased 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 valued at $625,000 after buying an additional 13,370 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on T shares. Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. Arete cut shares of AT&T from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a research note on Tuesday, January 6th. Royal Bank Of Canada reduced their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Wells Fargo & Company decreased their price target on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Finally, Barclays dropped their price objective on AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.42.

AT&T Stock Performance

NYSE T opened at $23.74 on Tuesday. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79. The company has a fifty day moving average of $24.89 and a 200-day moving average of $26.73. The company has a market capitalization of $168.27 billion, a P/E ratio of 7.71, a P/E/G ratio of 1.31 and a beta of 0.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.