Koshinski Asset Management Inc. Has $2.40 Million Stock Holdings in AT&T Inc. $T

Koshinski Asset Management Inc. lessened its stake in AT&T Inc. (NYSE:T) by 1.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 82,933 shares of the technology company’s stock after selling 1,199 shares during the quarter. Koshinski Asset Management Inc.’s holdings in AT&T were worth $2,400,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in AT&T in the 1st quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T in the 2nd quarter valued at approximately $26,000. Hager Investment Management Services LLC increased its stake in AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after buying an additional 641 shares during the period. Kennebec Savings Bank grew its position in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares in the last quarter. Finally, Core Alternative Capital increased its stake in shares of AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after purchasing an additional 568 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $26.33 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a fifty day simple moving average of $28.27 and a 200 day simple moving average of $27.81. The company has a market cap of $188.24 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.12 and a beta of 0.42. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings data 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. The business had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed 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 dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is currently 63.07%.

Analysts Set New Price Targets

Several research analysts have recently commented on T shares. UBS Group set a $33.00 price target on shares of AT&T in a research note on Thursday, September 18th. Morgan Stanley increased their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Barclays restated an “equal weight” rating and set a $30.00 price target on shares of AT&T in a research note on Wednesday, October 1st. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Thursday, July 24th. Finally, Citigroup restated a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $30.65.

AT&T Profile

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.