Duncan Williams Asset Management LLC Sells 443 Shares of AT&T Inc. $T

Duncan Williams Asset Management LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 4.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,141 shares of the technology company’s stock after selling 443 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in AT&T were worth $293,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC grew its holdings in shares of AT&T by 22.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 168,805 shares of the technology company’s stock valued at $4,885,000 after buying an additional 31,203 shares during the period. Grimes & Company Inc. raised its stake in AT&T by 6.6% during the 2nd quarter. Grimes & Company Inc. now owns 35,483 shares of the technology company’s stock worth $1,027,000 after buying an additional 2,191 shares during the period. Merit Financial Group LLC lifted its holdings in AT&T by 20.1% during the second quarter. Merit Financial Group LLC now owns 459,082 shares of the technology company’s stock worth $13,286,000 after acquiring an additional 76,750 shares in the last quarter. IVC Wealth Advisors LLC grew its stake in AT&T by 6.0% in the second quarter. IVC Wealth Advisors LLC now owns 8,006 shares of the technology company’s stock valued at $232,000 after acquiring an additional 452 shares during the period. Finally, Beacon Financial Advisory LLC grew its stake in AT&T by 66.9% in the second quarter. Beacon Financial Advisory LLC now owns 48,785 shares of the technology company’s stock valued at $1,412,000 after acquiring an additional 19,561 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on T. HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a report on Saturday, September 27th. Scotiabank set a $30.25 price target on shares of AT&T and gave the company a “sector perform” rating in a research note on Monday. UBS Group set a $33.00 price objective on shares of AT&T in a research report on Thursday, September 18th. Finally, Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” 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 seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.75.

AT&T Trading Down 4.4%

AT&T stock opened at $25.88 on Tuesday. The company has a market cap of $185.05 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 3.46 and a beta of 0.42. The firm has a 50-day moving average of $28.56 and a 200-day moving average of $27.92. 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 Inc. has a one year low of $21.05 and a one year high of $29.79.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. AT&T’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend 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.