AT&T Inc. (T) Shares Sold by Stonehearth Capital Management LLC
Stonehearth Capital Management LLC trimmed its stake in AT&T Inc. (NYSE:T) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,339 shares of the technology company’s stock after selling 650 shares during the period. AT&T comprises about 0.2% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Stonehearth Capital Management LLC’s holdings in AT&T were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ullmann Financial Group Inc. acquired a new stake in shares of AT&T during the 1st quarter valued at about $101,000. Feltz Wealth PLAN Inc. acquired a new stake in shares of AT&T during the 1st quarter valued at about $104,000. Taylor Wealth Management Partners boosted its position in shares of AT&T by 0.4% during the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in shares of AT&T during the 1st quarter valued at about $109,000. Finally, Sterling Investment Advisors Ltd. boosted its position in shares of AT&T by 289.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,024 shares in the last quarter. Institutional investors own 54.99% of the company’s stock.
Shares of AT&T Inc. (NYSE T) traded up 0.23% during midday trading on Thursday, hitting $39.59. 10,653,061 shares of the stock traded hands. The company has a market capitalization of $243.08 billion, a price-to-earnings ratio of 18.60 and a beta of 0.49. The firm’s 50-day moving average is $37.75 and its 200 day moving average is $38.58. AT&T Inc. has a 52 week low of $35.10 and a 52 week high of $43.03.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.72 EPS. Equities analysts forecast that AT&T Inc. will post $2.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 4.96%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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Several analysts have recently weighed in on T shares. Barclays PLC decreased their target price on shares of AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, July 14th. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price on the stock. in a research report on Tuesday, September 26th. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 target price on shares of AT&T in a research report on Sunday, July 9th. Bank of America Corporation lowered shares of AT&T from a “buy” rating to a “neutral” rating and decreased their target price for the company from $46.00 to $39.00 in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.87.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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