Guyasuta Investment Advisors Inc. lowered its position in shares of AT&T Inc. (NYSE:T) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,865 shares of the technology company’s stock after selling 1,579 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in AT&T were worth $1,858,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. CKW Financial Group boosted its stake in AT&T by 105.0% during the 2nd quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after acquiring an additional 2,159 shares during the last quarter. Braun Bostich & Associates Inc. bought a new position in AT&T during the 1st quarter worth approximately $137,000. Elmwood Wealth Management Inc. bought a new position in AT&T during the 1st quarter worth approximately $178,000. Cerebellum GP LLC bought a new position in AT&T during the 2nd quarter worth approximately $178,000. Finally, Bristol John W & Co. Inc. NY bought a new position in AT&T during the 1st quarter worth approximately $201,000. Institutional investors and hedge funds own 64.81% of the company’s stock.
T stock opened at $30.96 on Wednesday. The firm has a market cap of $187.36 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 2.44 and a beta of 0.42. AT&T Inc. has a one year low of $28.85 and a one year high of $39.33. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81.
AT&T (NYSE:T) last announced its earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.04). The business had revenue of $45.74 billion during the quarter, compared to the consensus estimate of $45.73 billion. AT&T had a net margin of 20.40% and a return on equity of 13.61%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. As a group, sell-side analysts anticipate that AT&T Inc. will post 3.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend was Tuesday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 65.57%.
T has been the topic of several research analyst reports. Deutsche Bank raised their target price on shares of AT&T from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 24th. Zacks Investment Research downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Barclays set a $33.00 target price on shares of AT&T and gave the stock a “hold” rating in a report on Wednesday, October 10th. UBS Group upgraded shares of AT&T from a “neutral” rating to a “buy” rating and raised their target price for the stock from $33.00 to $38.00 in a report on Friday, September 21st. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $37.95.
In related news, Director Michael B. Mccallister purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average price of $29.14 per share, with a total value of $116,560.00. Following the completion of the purchase, the director now directly owns 7,361 shares in the company, valued at $214,499.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by insiders.
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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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