AT&T Inc. $T Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,170 shares of the technology company’s stock after selling 7,577 shares during the quarter. Ameritas Advisory Services LLC’s holdings in AT&T were worth $2,725,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Stone House Investment Management LLC purchased a new position in shares of AT&T in the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T in the 2nd quarter valued at about $26,000. Kennebec Savings Bank raised its stake in shares of AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after buying an additional 783 shares during the last quarter. Hager Investment Management Services LLC raised its stake in shares of AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after buying an additional 641 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in shares of AT&T during the 1st quarter worth $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.2%

T opened at $27.06 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of $193.49 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. The business has a 50-day moving average of $28.60 and a two-hundred day moving average of $27.91. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.1%. AT&T’s payout ratio is 63.07%.

Analyst Ratings Changes

Several research firms have recently issued reports on T. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research note on Saturday, September 27th. The Goldman Sachs Group began coverage on AT&T in a research note on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price target for the company. Scotiabank lifted their price target on AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. HSBC downgraded AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Thursday, July 24th. Finally, Barclays reaffirmed an “equal weight” rating and set a $30.00 price target on shares of AT&T in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.74.

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.