V2 Financial group LLC Has $677,000 Holdings in AT&T Inc. $T

V2 Financial group LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 82.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,392 shares of the technology company’s stock after selling 107,155 shares during the quarter. V2 Financial group LLC’s holdings in AT&T were worth $677,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of AT&T in the 2nd quarter valued at approximately $5,266,758,000. Norges Bank bought a new position in AT&T in the second quarter valued at approximately $2,228,655,000. Vanguard Group Inc. increased its stake in AT&T by 1.6% in the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after acquiring an additional 10,310,560 shares during the last quarter. Wellington Management Group LLP raised its position in AT&T by 350.4% during the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after purchasing an additional 8,841,126 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in AT&T by 32.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,435,357 shares of the technology company’s stock worth $973,833,000 after purchasing an additional 8,355,686 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. Sanford C. Bernstein lifted their target price on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Williams Trading set a $33.00 target price on shares of AT&T in a report on Thursday, October 23rd. Finally, Barclays reduced their price target on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

Shares of T opened at $24.57 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The stock has a market cap of $174.20 billion, a PE ratio of 7.98, a PEG ratio of 1.44 and a beta of 0.38. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79. The business has a 50-day simple moving average of $25.41 and a two-hundred day simple moving average of $27.26.

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

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s payout ratio is presently 36.04%.

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.