AT&T Inc. $T Shares Sold by Dominguez Wealth Management Solutions Inc.

Dominguez Wealth Management Solutions Inc. lowered its stake in AT&T Inc. (NYSE:T) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,771 shares of the technology company’s stock after selling 575 shares during the quarter. AT&T comprises about 1.3% of Dominguez Wealth Management Solutions Inc.’s portfolio, making the stock its 17th biggest holding. Dominguez Wealth Management Solutions Inc.’s holdings in AT&T were worth $1,846,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Yoffe Investment Management LLC acquired a new stake in AT&T during the 4th quarter worth about $213,000. Occudo Quantitative Strategies LP acquired a new stake in AT&T during the 4th quarter worth about $324,000. ProShare Advisors LLC raised its holdings in AT&T by 14.1% during the 4th quarter. ProShare Advisors LLC now owns 1,063,500 shares of the technology company’s stock worth $24,216,000 after buying an additional 131,702 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in AT&T by 12.5% during the 4th quarter. Rafferty Asset Management LLC now owns 622,809 shares of the technology company’s stock worth $14,181,000 after buying an additional 69,362 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of several recent analyst reports. Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Morgan Stanley upped their target price on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Scotiabank upped their target price on AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a report on Friday, July 11th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.60.

AT&T Stock Up 0.3%

Shares of AT&T stock opened at $29.59 on Friday. The stock has a market capitalization of $211.58 billion, a P/E ratio of 16.81, a PEG ratio of 3.67 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a 50 day moving average price of $28.31 and a two-hundred day moving average price of $27.73. AT&T Inc. has a 12-month low of $21.05 and a 12-month 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 for the quarter, beating 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 company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same period in the prior year, the business earned $0.51 earnings per share. AT&T’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, July 10th. AT&T’s dividend payout ratio is presently 63.07%.

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.