Generali Investments Management Co LLC Reduces Stock Holdings in AT&T Inc. $T

Generali Investments Management Co LLC cut its position in shares of AT&T Inc. (NYSE:T) by 42.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,156 shares of the technology company’s stock after selling 20,810 shares during the period. Generali Investments Management Co LLC’s holdings in AT&T were worth $814,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in T. Brighton Jones LLC grew its holdings in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Archer Investment Corp raised its holdings in AT&T by 22.3% in the 1st quarter. Archer Investment Corp now owns 6,039 shares of the technology company’s stock valued at $171,000 after buying an additional 1,101 shares during the period. Private Advisor Group LLC lifted its position in AT&T by 2.9% in the first quarter. Private Advisor Group LLC now owns 655,847 shares of the technology company’s stock valued at $18,547,000 after buying an additional 18,402 shares during the last quarter. Csenge Advisory Group boosted its stake in AT&T by 9.6% during the first quarter. Csenge Advisory Group now owns 158,857 shares of the technology company’s stock worth $4,313,000 after buying an additional 13,952 shares during the period. Finally, Financial Harvest LLC acquired a new stake in shares of AT&T during the first quarter valued at about $107,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T stock opened at $25.58 on Friday. The business’s 50-day moving average is $26.75 and its two-hundred day moving average is $27.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The firm has a market capitalization of $181.31 billion, a P/E ratio of 8.30, a P/E/G ratio of 2.16 and a beta of 0.40. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s dividend payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. Sanford C. Bernstein upped their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. JPMorgan Chase & Co. boosted their target price on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Raymond James Financial restated a “strong-buy” rating and set a $33.00 price target (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Thursday, July 24th. Finally, Barclays decreased their target price on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.64.

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.