Nadler Financial Group Inc. Sells 1,044 Shares of AT&T Inc. (NYSE:T)

Nadler Financial Group Inc. reduced its stake in shares of AT&T Inc. (NYSE:T) by 3.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 33,142 shares of the technology company’s stock after selling 1,044 shares during the period. Nadler Financial Group Inc.’s holdings in AT&T were worth $937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Next Level Private LLC raised its stake in shares of AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock worth $3,206,000 after acquiring an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock valued at $550,000 after purchasing an additional 384 shares in the last quarter. Kozak & Associates Inc. grew its holdings in shares of AT&T by 9.4% during the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock valued at $126,000 after purchasing an additional 398 shares during the last quarter. Silver Oak Securities Incorporated raised its position in AT&T by 0.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company’s stock worth $3,222,000 after purchasing an additional 398 shares during the period. Finally, Firethorn Wealth Partners LLC lifted its stake in AT&T by 4.1% in the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company’s stock worth $286,000 after purchasing an additional 399 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, June 17th. Wells Fargo & Company raised their price target on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research note on Thursday, April 24th. Tigress Financial increased their price objective on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, Scotiabank restated an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $28.76.

AT&T Stock Performance

AT&T stock opened at $28.04 on Friday. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.03. The stock’s 50 day simple moving average is $27.61 and its two-hundred day simple moving average is $25.91. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a market cap of $201.73 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 3.96 and a beta of 0.41.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.96%. AT&T’s payout ratio is 68.10%.

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.