AT&T Inc. $T Holdings Trimmed by Curbstone Financial Management Corp

Curbstone Financial Management Corp lowered its position in shares of AT&T Inc. (NYSE:T) by 19.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,186 shares of the technology company’s stock after selling 5,328 shares during the quarter. Curbstone Financial Management Corp’s holdings in AT&T were worth $642,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of T. Brighton Jones LLC boosted its stake in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares in the last quarter. GAMMA Investing LLC boosted its stake in AT&T by 15.5% during the first quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock valued at $4,673,000 after buying an additional 22,195 shares in the last quarter. Means Investment CO. Inc. boosted its stake in AT&T by 8.4% during the first quarter. Means Investment CO. Inc. now owns 12,498 shares of the technology company’s stock valued at $353,000 after buying an additional 973 shares in the last quarter. Avior Wealth Management LLC boosted its stake in AT&T by 1.8% during the first quarter. Avior Wealth Management LLC now owns 74,413 shares of the technology company’s stock valued at $2,104,000 after buying an additional 1,300 shares in the last quarter. Finally, Osborne Partners Capital Management LLC bought a new position in AT&T during the first quarter valued at about $216,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.5%

Shares of AT&T stock opened at $26.33 on Friday. The stock has a 50-day moving average price of $28.27 and a 200 day moving average price 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 2.13 and a beta of 0.42. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79.

AT&T (NYSE:T) last announced 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 firm had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. As a group, analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s dividend payout ratio (DPR) is 63.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on T. JPMorgan Chase & Co. increased their price target on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Morgan Stanley increased their price target on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group began coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target for the company. HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Thursday, July 24th. Finally, UBS Group set a $33.00 price target on AT&T in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $30.65.

AT&T Company 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.