Johnson Investment Counsel Inc. Has $3.66 Million Stock Holdings in AT&T Inc. $T

Johnson Investment Counsel Inc. lessened its holdings in AT&T Inc. (NYSE:T) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,501 shares of the technology company’s stock after selling 11,087 shares during the period. Johnson Investment Counsel Inc.’s holdings in AT&T were worth $3,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 10,188 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of AT&T by 15.5% during the first quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock worth $4,673,000 after acquiring an additional 22,195 shares in the last quarter. Krilogy Financial LLC raised its holdings in shares of AT&T by 10.6% during the first quarter. Krilogy Financial LLC now owns 51,543 shares of the technology company’s stock worth $1,458,000 after acquiring an additional 4,928 shares in the last quarter. Tritonpoint Wealth LLC raised its holdings in shares of AT&T by 22.5% during the first quarter. Tritonpoint Wealth LLC now owns 12,892 shares of the technology company’s stock worth $365,000 after acquiring an additional 2,367 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of AT&T by 9.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,628,232 shares of the technology company’s stock worth $74,326,000 after acquiring an additional 230,460 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 1.0%

AT&T stock opened at $25.85 on Monday. 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 business’s 50-day simple moving average is $28.45 and its 200-day simple moving average is $27.88. The firm has a market capitalization of $184.82 billion, a PE ratio of 14.69, a PEG ratio of 2.10 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.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s payout ratio is presently 63.07%.

Analyst Ratings Changes

T has been the subject of several recent research reports. Sanford C. Bernstein increased their price objective on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Barclays reaffirmed an “equal weight” rating and issued a $30.00 price target on shares of AT&T in a research report on Wednesday, October 1st. Wells Fargo & Company boosted their price target on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. UBS Group set a $33.00 price target on AT&T in a research report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.