Romano Brothers AND Company decreased its position in shares of AT&T Inc. (NYSE:T – Free Report) by 6.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 182,160 shares of the technology company’s stock after selling 13,151 shares during the period. Romano Brothers AND Company’s holdings in AT&T were worth $2,906,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of T. Pacer Advisors Inc. increased its position in AT&T by 30.5% during the second quarter. Pacer Advisors Inc. now owns 2,498,953 shares of the technology company’s stock worth $39,858,000 after purchasing an additional 584,131 shares during the last quarter. Keel Point LLC increased its position in AT&T by 3.7% during the second quarter. Keel Point LLC now owns 25,877 shares of the technology company’s stock worth $413,000 after purchasing an additional 925 shares during the last quarter. Community Trust & Investment Co. increased its position in AT&T by 20.4% during the second quarter. Community Trust & Investment Co. now owns 190,365 shares of the technology company’s stock worth $3,036,000 after purchasing an additional 32,204 shares during the last quarter. Sage Capital Advisors llc increased its position in AT&T by 1.3% during the second quarter. Sage Capital Advisors llc now owns 196,367 shares of the technology company’s stock worth $3,132,000 after purchasing an additional 2,430 shares during the last quarter. Finally, Beacon Capital Management LLC increased its position in AT&T by 4.8% during the second quarter. Beacon Capital Management LLC now owns 20,131 shares of the technology company’s stock worth $321,000 after purchasing an additional 924 shares during the last quarter. Hedge funds and other institutional investors own 53.65% of the company’s stock.
AT&T Stock Performance
Shares of NYSE:T traded up $0.05 during trading on Tuesday, reaching $15.14. The stock had a trading volume of 14,823,662 shares, compared to its average volume of 38,892,285. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $20.50. The firm has a market capitalization of $108.24 billion, a price-to-earnings ratio of -12.37, a P/E/G ratio of 1.87 and a beta of 0.64. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.10. The stock has a fifty day simple moving average of $14.46 and a two-hundred day simple moving average of $16.33.
AT&T Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, July 7th. This represents a $1.11 dividend on an annualized basis and a yield of 7.33%. AT&T’s dividend payout ratio is currently -90.98%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Argus lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. HSBC lowered their price target on shares of AT&T from $21.00 to $19.00 in a report on Monday, June 5th. Moffett Nathanson raised shares of AT&T from an “underperform” rating to a “market perform” rating and set a $17.00 price target for the company in a report on Tuesday, June 6th. Citigroup upgraded shares of AT&T from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, August 29th. Finally, JPMorgan Chase & Co. downgraded shares of AT&T from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $17.00 in a research note on Friday, July 14th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.00.
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.
- Five stocks we like better than AT&T
- What is a Special Dividend?
- Hold-It-Forever AutoZone Pulls into Buy Zone
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Virtual Riches: 3 Stocks Leading the VR Revolution
- How to Analyze Restaurant Stocks
- 5 eCommerce Companies that need to be on Your Watch List
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.