AT&T Inc. $T Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 4.2% in the second quarter, HoldingsChannel reports. The firm owned 506,982 shares of the technology company’s stock after selling 22,339 shares during the period. SBI Securities Co. Ltd.’s holdings in AT&T were worth $14,672,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of T. Brighton Jones LLC lifted its position in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Schechter Investment Advisors LLC increased its position in AT&T by 31.0% during the 1st quarter. Schechter Investment Advisors LLC now owns 28,165 shares of the technology company’s stock worth $797,000 after purchasing an additional 6,667 shares in the last quarter. Florida Financial Advisors LLC acquired a new position in AT&T in the 1st quarter valued at about $276,000. Edgestream Partners L.P. lifted its holdings in AT&T by 339.6% in the 1st quarter. Edgestream Partners L.P. now owns 105,481 shares of the technology company’s stock valued at $2,983,000 after purchasing an additional 81,487 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in shares of AT&T by 4.7% during the 1st quarter. Apollon Wealth Management LLC now owns 224,184 shares of the technology company’s stock worth $6,340,000 after purchasing an additional 9,977 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

T stock opened at $25.19 on Wednesday. The company has a market cap of $178.55 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $27.60. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio is presently 36.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on T. TD Cowen boosted their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. KeyCorp upgraded AT&T from a “hold” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Tuesday. Royal Bank Of Canada reduced their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. Finally, Sanford C. Bernstein upped their target price on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.64.

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.