AT&T Inc. $T Shares Sold by Windle Wealth LLC

Windle Wealth LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,999 shares of the technology company’s stock after selling 13,122 shares during the quarter. AT&T makes up about 4.3% of Windle Wealth LLC’s investment portfolio, making the stock its 3rd largest holding. Windle Wealth LLC’s holdings in AT&T were worth $8,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in T. Stone House Investment Management LLC acquired a new stake in shares of AT&T during the first quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T during the second quarter worth approximately $26,000. Hager Investment Management Services LLC grew its position in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after buying an additional 641 shares in the last quarter. Kennebec Savings Bank lifted its stake in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares during the last quarter. Finally, Core Alternative Capital lifted its stake in AT&T by 125.4% during the first 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.

Wall Street Analysts Forecast Growth

T has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wells Fargo & Company raised their price objective on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Bank of America initiated coverage on AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price objective on the stock. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Thursday, July 24th. Finally, Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T Price Performance

Shares of T opened at $26.24 on Thursday. The firm has a market capitalization of $187.63 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 3.35 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The stock’s fifty day moving average is $28.51 and its 200-day moving average is $27.90.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

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