Consolidated Portfolio Review Corp Has $1.19 Million Holdings in AT&T Inc. $T

Consolidated Portfolio Review Corp cut its stake in shares of AT&T Inc. (NYSE:T) by 37.9% in the second quarter, Holdings Channel reports. The firm owned 41,226 shares of the technology company’s stock after selling 25,198 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in AT&T were worth $1,193,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in shares of AT&T during the first quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T during the second quarter worth $26,000. Hager Investment Management Services LLC grew its stake in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares during the period. IMA Advisory Services Inc. bought a new position in AT&T during the first quarter worth about $29,000. Finally, Core Alternative Capital lifted its holdings in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after acquiring an additional 568 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on T shares. The Goldman Sachs Group started coverage on AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price on the stock. HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Thursday, July 24th. Scotiabank lifted their target price on AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a report on Friday, July 11th. Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 target price (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. Finally, JPMorgan Chase & Co. lifted their target price on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.74.

AT&T Stock Performance

Shares of AT&T stock opened at $27.55 on Thursday. The firm has a market cap of $196.96 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 3.62 and a beta of 0.42. The stock’s 50-day moving average is $28.63 and its 200-day moving average is $27.91. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. Equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is presently 63.07%.

About AT&T

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.