Trivium Point Advisory LLC Reduces Stock Position in AT&T Inc. $T

Trivium Point Advisory LLC decreased its position in AT&T Inc. (NYSE:T) by 5.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 70,354 shares of the technology company’s stock after selling 4,295 shares during the period. Trivium Point Advisory LLC’s holdings in AT&T were worth $2,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of T. Brighton Jones LLC raised its holdings in 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 last quarter. JGP Wealth Management LLC purchased a new stake in shares of AT&T in the first quarter valued at $209,000. Moller Wealth Partners acquired a new position in AT&T in the first quarter valued at $246,000. Fiduciary Alliance LLC lifted its position in AT&T by 172.8% during the first quarter. Fiduciary Alliance LLC now owns 195,495 shares of the technology company’s stock worth $5,529,000 after buying an additional 123,829 shares during the period. Finally, Worth Asset Management LLC grew its holdings in AT&T by 551.0% in the 1st quarter. Worth Asset Management LLC now owns 78,736 shares of the technology company’s stock valued at $2,227,000 after buying an additional 66,641 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. Morgan Stanley lifted their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their price objective on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Bank of America began coverage on AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Sanford C. Bernstein upped their price target on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $30.74.

AT&T Trading Down 0.8%

NYSE:T opened at $28.07 on Tuesday. The business’s 50-day moving average is $28.62 and its two-hundred day moving average is $27.91. The firm has a market capitalization of $200.71 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 3.62 and a beta of 0.44. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion during 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 revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is presently 63.07%.

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.