Gould Asset Management LLC CA Lowers Holdings in AT&T Inc. (T)
Gould Asset Management LLC CA decreased its stake in AT&T Inc. (NYSE:T) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,893 shares of the technology company’s stock after selling 1,690 shares during the period. Gould Asset Management LLC CA’s holdings in AT&T were worth $373,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in T. Ullmann Financial Group Inc. bought a new stake in shares of AT&T in the first quarter valued at approximately $101,000. Almanack Investment Partners LLC. bought a new stake in shares of AT&T in the first quarter valued at approximately $109,000. Sterling Investment Advisors Ltd. raised its position in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after purchasing an additional 2,024 shares during the period. CKW Financial Group raised its position in shares of AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,724 shares during the period. Finally, Asset Planning Services Ltd. raised its position in shares of AT&T by 2.5% in the second quarter. Asset Planning Services Ltd. now owns 4,273 shares of the technology company’s stock valued at $161,000 after purchasing an additional 104 shares during the period. 55.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE:T) opened at $34.33 on Wednesday. The firm has a market cap of $210,750.00, a P/E ratio of 11.78, a PEG ratio of 2.78 and a beta of 0.41. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $43.03.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.71%. AT&T’s dividend payout ratio is currently 94.23%.
Several analysts have recently issued reports on T shares. Macquarie reissued a “buy” rating and issued a $43.00 price target on shares of AT&T in a research report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price target on shares of AT&T in a research report on Thursday, August 24th. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price target on the stock. in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Standpoint Research initiated coverage on shares of AT&T in a research note on Wednesday, November 8th. They set a “buy” rating and a $40.00 price objective for the company. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.41.
In other news, Director Matthew K. Rose purchased 29,600 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.
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AT&T Company Profile
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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