Seeyond Sells 2,245 Shares of AT&T Inc. (NYSE:T)

Seeyond decreased its position in shares of AT&T Inc. (NYSE:T) by 2.3% during the 2nd quarter, Holdings Channel reports. The fund owned 94,250 shares of the technology company’s stock after selling 2,245 shares during the quarter. Seeyond’s holdings in AT&T were worth $2,712,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Newton One Investments LLC bought a new position in AT&T in the second quarter valued at approximately $27,000. IronBridge Private Wealth LLC acquired a new position in shares of AT&T in the first quarter valued at $30,000. Interactive Financial Advisors increased its holdings in shares of AT&T by 36.0% in the second quarter. Interactive Financial Advisors now owns 1,497 shares of the technology company’s stock valued at $83,000 after purchasing an additional 396 shares during the last quarter. Cypress Point Wealth Management LLC increased its holdings in shares of AT&T by 4,411.8% in the second quarter. Cypress Point Wealth Management LLC now owns 1,534 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Paradigm Strategies in Wealth Management LLC increased its holdings in shares of AT&T by 69.6% in the second quarter. Paradigm Strategies in Wealth Management LLC now owns 2,518 shares of the technology company’s stock valued at $72,000 after purchasing an additional 1,033 shares during the last quarter. 51.61% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on T shares. KeyCorp upgraded shares of AT&T from an “underweight” rating to a “sector weight” rating in a report on Thursday. Citigroup decreased their price objective on shares of AT&T from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, August 31st. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating and boosted their target price for the company from $23.00 to $28.00 in a research report on Thursday, October 7th. Barclays reduced their target price on shares of AT&T from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Redburn Partners assumed coverage on shares of AT&T in a research report on Friday, June 25th. They issued a “sell” rating and a $23.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.69.

NYSE:T traded up $0.26 on Thursday, reaching $25.56. 470,485 shares of the stock traded hands, compared to its average volume of 40,974,293. The firm has a market capitalization of $182.50 billion, a price-to-earnings ratio of -81.61, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company’s 50 day moving average is $27.36 and its 200-day moving average is $28.85. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.87. AT&T Inc. has a 1-year low of $25.01 and a 1-year high of $33.88.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 21st. The technology company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $44.05 billion during the quarter, compared to the consensus estimate of $42.39 billion. AT&T had a negative net margin of 1.11% and a positive return on equity of 12.78%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. On average, equities research analysts forecast that AT&T Inc. will post 3.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 1st. Stockholders of record on Monday, October 11th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 8.14%. The ex-dividend date is Thursday, October 7th. AT&T’s dividend payout ratio (DPR) is 65.41%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.

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

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