AT&T Inc. (NYSE:T) Shares Sold by Burney Co.

Burney Co. cut its holdings in AT&T Inc. (NYSE:T) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,208 shares of the technology company’s stock after selling 3,391 shares during the quarter. Burney Co.’s holdings in AT&T were worth $689,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of T. Axiom Financial Strategies LLC boosted its holdings in AT&T by 12.2% during the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock worth $342,000 after buying an additional 1,941 shares in the last quarter. Roundview Capital LLC boosted its holdings in AT&T by 62.3% during the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after buying an additional 9,450 shares in the last quarter. Sei Investments Co. boosted its holdings in AT&T by 23.1% during the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock worth $25,983,000 after buying an additional 206,434 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in AT&T by 5.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock worth $11,262,000 after buying an additional 25,028 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in AT&T by 1,191.3% during the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock worth $300,000 after buying an additional 11,722 shares in the last quarter. 53.65% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T opened at $15.92 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.69 and a quick ratio of 0.64. The company’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $15.25. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $20.50.

AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, October 19th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. AT&T had a negative net margin of 9.29% and a positive return on equity of 16.26%. The business had revenue of $30.35 billion for the quarter, compared to the consensus estimate of $30.25 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.44 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.97%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio (DPR) is -72.08%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup boosted their price objective on shares of AT&T from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Scotiabank raised shares of AT&T from a “sector perform” rating to a “sector outperform” rating and set a $18.50 price target on the stock in a report on Friday, October 20th. Royal Bank of Canada upped their price target on shares of AT&T from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of AT&T from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, October 12th. Finally, StockNews.com assumed coverage on shares of AT&T in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.90.

AT&T Company 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.