Montag A & Associates Inc. Sells 15,986 Shares of AT&T Inc. $T

Montag A & Associates Inc. cut its stake in shares of AT&T Inc. (NYSE:T) by 36.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,491 shares of the technology company’s stock after selling 15,986 shares during the period. Montag A & Associates Inc.’s holdings in AT&T were worth $796,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in T. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the 4th 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 during the period. Schechter Investment Advisors LLC lifted its stake in AT&T by 31.0% in the 1st quarter. Schechter Investment Advisors LLC now owns 28,165 shares of the technology company’s stock valued at $797,000 after purchasing an additional 6,667 shares during the last quarter. Florida Financial Advisors LLC bought a new position in AT&T during the first quarter worth about $276,000. Edgestream Partners L.P. increased its position in AT&T by 339.6% during the first quarter. Edgestream Partners L.P. now owns 105,481 shares of the technology company’s stock worth $2,983,000 after buying an additional 81,487 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its position in AT&T by 4.7% during the first quarter. Apollon Wealth Management LLC now owns 224,184 shares of the technology company’s stock worth $6,340,000 after buying an additional 9,977 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on T shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Barclays dropped their price objective on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Finally, Sanford C. Bernstein lifted their target price 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. One research 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.64.

AT&T Stock Performance

Shares of NYSE T opened at $25.19 on Wednesday. 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 cap of $178.55 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 2.16 and a beta of 0.40. The stock’s fifty day moving average price is $26.97 and its two-hundred day moving average price is $27.60. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79.

AT&T (NYSE:T) last posted 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. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued 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 yield of 4.4%. AT&T’s payout ratio is currently 36.04%.

AT&T 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.