Yousif Capital Management LLC Sells 18,215 Shares of AT&T Inc. $T

Yousif Capital Management LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 1.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,055,783 shares of the technology company’s stock after selling 18,215 shares during the period. Yousif Capital Management LLC’s holdings in AT&T were worth $30,554,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp grew its stake in shares of AT&T by 1.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after buying an additional 4,793 shares during the last quarter. Kickstand Ventures LLC. bought a new position in shares of AT&T during the second quarter valued at approximately $489,000. ASR Vermogensbeheer N.V. grew its stake in shares of AT&T by 1.4% during the second quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company’s stock valued at $20,910,000 after buying an additional 9,970 shares during the last quarter. Simplicity Wealth LLC grew its stake in shares of AT&T by 180.5% during the second quarter. Simplicity Wealth LLC now owns 114,091 shares of the technology company’s stock valued at $3,302,000 after buying an additional 73,417 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of AT&T by 10.2% during the first quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock valued at $31,389,000 after buying an additional 102,419 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 1.0%

AT&T stock opened at $25.85 on Monday. The business has a fifty day moving average of $28.45 and a two-hundred day moving average of $27.88. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The firm has a market cap of $184.82 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.10 and a beta of 0.42. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company 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%.AT&T’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T’s dividend payout ratio is currently 63.07%.

Wall Street Analyst Weigh In

T has been the topic of a number of analyst reports. Morgan Stanley upped their target price on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. UBS Group set a $33.00 price target on AT&T in a report on Thursday, September 18th. Hsbc Global Res lowered AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. The Goldman Sachs Group started coverage on AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target for the company. Finally, Scotiabank set a $30.25 price target on AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

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.