Trek Financial LLC Lowers Stock Holdings in AT&T Inc. $T

Trek Financial LLC reduced its holdings in AT&T Inc. (NYSE:T) by 65.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,115 shares of the technology company’s stock after selling 114,359 shares during the period. Trek Financial LLC’s holdings in AT&T were worth $1,698,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Meyer Handelman Co. raised its position in shares of AT&T by 1.0% during the 2nd quarter. Meyer Handelman Co. now owns 49,928 shares of the technology company’s stock worth $1,445,000 after purchasing an additional 495 shares during the last quarter. Beaumont Financial Advisors LLC lifted its stake in AT&T by 7.8% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 15,146 shares of the technology company’s stock valued at $438,000 after buying an additional 1,102 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in AT&T by 95.3% in the 2nd quarter. ST Germain D J Co. Inc. now owns 27,895 shares of the technology company’s stock valued at $807,000 after buying an additional 13,610 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in AT&T by 0.8% in the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock worth $1,470,000 after buying an additional 381 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE T opened at $23.56 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock’s fifty day moving average is $24.62 and its two-hundred day moving average is $26.44. The firm has a market capitalization of $166.99 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.39. AT&T Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Morgan Stanley reduced their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Sanford C. Bernstein dropped their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Arete Research set a $20.00 price objective on AT&T in a research note on Tuesday, January 6th. TD Cowen reaffirmed a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. Finally, Scotiabank reiterated a “sector perform” rating and issued a $29.50 target price on shares of AT&T in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.75.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.