Profund Advisors LLC Sells 7,728 Shares of AT&T Inc. $T

Profund Advisors LLC lessened its stake in AT&T Inc. (NYSE:T) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,293 shares of the technology company’s stock after selling 7,728 shares during the quarter. Profund Advisors LLC’s holdings in AT&T were worth $2,237,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position 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 buying an additional 10,188 shares during the period. Schechter Investment Advisors LLC lifted its stake in AT&T by 31.0% in the 1st quarter. Schechter Investment Advisors LLC now owns 28,165 shares of the technology company’s stock valued at $797,000 after acquiring an additional 6,667 shares in the last quarter. Bleakley Financial Group LLC boosted its position in AT&T by 4.8% during the 1st quarter. Bleakley Financial Group LLC now owns 271,224 shares of the technology company’s stock worth $7,670,000 after acquiring an additional 12,382 shares during the last quarter. Florida Financial Advisors LLC acquired a new position in AT&T during the 1st quarter worth approximately $276,000. Finally, Fortress Financial Solutions LLC grew its stake in shares of AT&T by 2.4% during the 1st quarter. Fortress Financial Solutions LLC now owns 31,086 shares of the technology company’s stock worth $879,000 after acquiring an additional 729 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T opened at $24.81 on Tuesday. The company has a market cap of $175.89 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The firm has a 50-day moving average of $27.05 and a 200-day moving average of $27.61. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the prior year, the firm earned $0.60 EPS. AT&T’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities 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 announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, October 10th. AT&T’s payout ratio is currently 36.04%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Thursday, July 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $30.67.

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.