DGS Capital Management LLC Decreases Stock Holdings in AT&T Inc. (NYSE:T)

DGS Capital Management LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 36.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,481 shares of the technology company’s stock after selling 6,080 shares during the quarter. DGS Capital Management LLC’s holdings in AT&T were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Steward Financial Group LLC lifted its holdings in AT&T by 159.7% during the first quarter. Steward Financial Group LLC now owns 1,561 shares of the technology company’s stock worth $30,000 after buying an additional 960 shares during the period. Carmel Capital Partners LLC acquired a new position in AT&T during the first quarter valued at $31,000. FWL Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $31,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of AT&T in the fourth quarter worth about $32,000. Finally, Lakewood Asset Management LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $32,000. 53.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on T. Moffett Nathanson upgraded shares of AT&T from an “underperform” rating to a “market perform” rating and set a $17.00 price objective for the company in a report on Tuesday, June 6th. JPMorgan Chase & Co. cut AT&T from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $17.00 in a research report on Friday, July 14th. Wells Fargo & Company decreased their target price on shares of AT&T from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, July 20th. StockNews.com initiated coverage on AT&T in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Barclays reduced their price objective on shares of AT&T from $18.00 to $17.00 in a research report on Thursday, July 6th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.00.

AT&T Stock Performance

Shares of NYSE:T opened at $14.62 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $20.50. The stock has a market capitalization of $104.52 billion, a P/E ratio of -11.98, a P/E/G ratio of 1.79 and a beta of 0.64. The business has a 50-day moving average price of $14.52 and a two-hundred day moving average price of $16.42.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. AT&T had a negative net margin of 7.22% and a positive return on equity of 15.91%. The firm had revenue of $29.92 billion during the quarter, compared to analysts’ expectations of $30.07 billion. During the same quarter last year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post 2.43 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, July 7th. AT&T’s dividend payout ratio (DPR) is presently -90.98%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.