AT&T (T) Holdings Trimmed by Reilly Financial Advisors LLC

Reilly Financial Advisors LLC lessened its holdings in shares of AT&T (NYSE:T) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,598 shares of the technology company’s stock after selling 6,013 shares during the quarter. Reilly Financial Advisors LLC’s holdings in AT&T were worth $1,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sfmg LLC increased its position in AT&T by 58.5% during the third quarter. Sfmg LLC now owns 48,102 shares of the technology company’s stock worth $1,884,000 after buying an additional 17,748 shares during the last quarter. Moors & Cabot Inc. increased its position in AT&T by 11.3% during the second quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock worth $9,373,000 after buying an additional 25,167 shares during the last quarter. Curbstone Financial Management Corp increased its position in AT&T by 93.6% during the third quarter. Curbstone Financial Management Corp now owns 65,208 shares of the technology company’s stock worth $2,554,000 after buying an additional 31,521 shares during the last quarter. Essex Financial Services Inc. increased its position in AT&T by 1.9% during the third quarter. Essex Financial Services Inc. now owns 161,414 shares of the technology company’s stock worth $6,323,000 after buying an additional 2,979 shares during the last quarter. Finally, Harrington Investments INC acquired a new position in shares of AT&T in the third quarter valued at approximately $626,000. 55.94% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NYSE:T opened at $35.63 on Friday. The company has a market cap of $221,863.45, a P/E ratio of 11.68, a P/E/G ratio of 2.49 and a beta of 0.39. AT&T has a 1 year low of $32.55 and a 1 year high of $40.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. The business had revenue of $41.68 billion for the quarter, compared to the consensus estimate of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. analysts anticipate that AT&T will post 3.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Monday, April 9th. AT&T’s dividend payout ratio is currently 65.57%.

In other AT&T news, CEO John Donovan bought 27,997 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the purchase, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard W. Fisher bought 2,600 shares of the business’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $38.10 per share, with a total value of $99,060.00. Following the completion of the purchase, the director now directly owns 2,600 shares of the company’s stock, valued at $99,060. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

T has been the topic of several research reports. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $39.75 target price on the stock. in a research report on Monday, December 18th. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. KeyCorp upped their target price on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. Finally, Scotiabank set a $40.00 target price on AT&T and gave the company a “hold” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. AT&T has an average rating of “Hold” and a consensus price target of $41.56.

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AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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