AT&T Inc. (NYSE:T) Stake Decreased by Community Bank of Raymore

Community Bank of Raymore lowered its stake in shares of AT&T Inc. (NYSE:T) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 513,154 shares of the technology company’s stock after selling 99,420 shares during the quarter. AT&T accounts for 7.9% of Community Bank of Raymore’s investment portfolio, making the stock its 4th biggest position. Community Bank of Raymore’s holdings in AT&T were worth $19,418,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. JJJ Advisors Inc. purchased a new stake in shares of AT&T during the 3rd quarter valued at $27,000. Horan Securities Inc. raised its position in shares of AT&T by 439.2% during the 2nd quarter. Horan Securities Inc. now owns 1,019 shares of the technology company’s stock valued at $34,000 after buying an additional 830 shares in the last quarter. Next Capital Management LLC purchased a new stake in shares of AT&T during the 2nd quarter valued at $39,000. Contravisory Investment Management Inc. raised its position in shares of AT&T by 36.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock valued at $43,000 after buying an additional 338 shares in the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in AT&T in the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 52.94% of the company’s stock.

T has been the topic of a number of analyst reports. Standpoint Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of AT&T from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Desjardins reaffirmed an “average” rating and issued a $55.50 price target on shares of AT&T in a research note on Tuesday, August 6th. Morgan Stanley set a $37.00 price target on shares of AT&T and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Bank of America reaffirmed a “buy” rating on shares of AT&T in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and an average target price of $40.74.

Shares of AT&T stock opened at $39.38 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.74 and a quick ratio of 0.71. AT&T Inc. has a 1 year low of $26.80 and a 1 year high of $39.58. The firm’s 50-day moving average is $37.87 and its two-hundred day moving average is $34.45. The stock has a market cap of $287.75 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 2.47 and a beta of 0.64.

AT&T (NYSE:T) last issued its earnings results on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The company had revenue of $44.59 billion for the quarter, compared to analysts’ expectations of $45.45 billion. During the same period in the prior year, the business earned $0.90 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts expect that AT&T Inc. will post 3.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.18%. The ex-dividend date was Wednesday, October 9th. AT&T’s payout ratio is 57.95%.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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