Knights of Columbus Asset Advisors LLC Has $19.65 Million Position in AT&T Inc. $T

Knights of Columbus Asset Advisors LLC reduced its stake in AT&T Inc. (NYSE:T) by 5.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 679,011 shares of the technology company’s stock after selling 40,008 shares during the quarter. AT&T makes up approximately 1.2% of Knights of Columbus Asset Advisors LLC’s holdings, making the stock its 12th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in AT&T were worth $19,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. David J Yvars Group lifted its holdings in AT&T by 2.8% during the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after purchasing an additional 372 shares during the last quarter. AllSquare Wealth Management LLC increased its holdings in shares of AT&T by 7.1% during the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after buying an additional 378 shares in the last quarter. Barnes Wealth Management Group Inc raised its stake in shares of AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after acquiring an additional 380 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of AT&T by 0.8% in the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock worth $1,470,000 after acquiring an additional 381 shares in the last quarter. Finally, James J. Burns & Company LLC grew its position in AT&T by 1.0% during the 2nd quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock worth $1,168,000 after acquiring an additional 383 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 0.2%

NYSE:T opened at $27.06 on Monday. The firm has a market capitalization of $193.49 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.46 and a beta of 0.42. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The business’s 50-day moving average price is $28.60 and its two-hundred day moving average price is $27.93. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping 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 business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter last year, the firm earned $0.51 EPS. AT&T’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is 63.07%.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Scotiabank boosted their price objective on AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Saturday, September 27th. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Barclays reissued an “equal weight” rating and set a $30.00 price target on shares of AT&T in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.74.

AT&T Company 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.