3Chopt Investment Partners LLC Has $219,000 Stake in AT&T Inc. $T

3Chopt Investment Partners LLC decreased its stake in shares of AT&T Inc. (NYSE:T) by 14.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,568 shares of the technology company’s stock after selling 1,276 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in AT&T were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Stone House Investment Management LLC acquired a new stake in AT&T in the 1st quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in AT&T in the 2nd quarter valued at $26,000. Kennebec Savings Bank grew its position in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Hager Investment Management Services LLC grew its position 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 purchasing an additional 641 shares during the period. Finally, IMA Advisory Services Inc. acquired a new stake in AT&T in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on T shares. Bank of America started coverage on shares of AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 price target for the company. The Goldman Sachs Group began coverage on shares of AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target for the company. Citigroup restated a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Barclays restated an “equal weight” rating and set a $30.00 price objective on shares of AT&T in a research note on Wednesday, October 1st. Finally, Morgan Stanley raised their price objective on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $30.75.

AT&T Trading Down 1.0%

NYSE T opened at $25.85 on Friday. The stock has a market capitalization of $184.82 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.12 and a beta of 0.42. 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. The business’s fifty day moving average is $28.45 and its 200-day moving average is $27.88.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. Equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced 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. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s 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.