Lloyd Advisory Services LLC. Sells 1,081 Shares of AT&T Inc. $T

Lloyd Advisory Services LLC. lowered its holdings in AT&T Inc. (NYSE:T) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,958 shares of the technology company’s stock after selling 1,081 shares during the period. Lloyd Advisory Services LLC.’s holdings in AT&T were worth $491,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capstone Wealth Management LLC purchased a new position in AT&T during the 1st quarter worth $201,000. Wedmont Private Capital lifted its position in AT&T by 7.9% in the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock valued at $3,302,000 after purchasing an additional 9,027 shares during the period. Xponance Inc. increased its stake in shares of AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock worth $31,389,000 after purchasing an additional 102,419 shares in the last quarter. NBT Bank N A NY lifted its holdings in shares of AT&T by 7.5% during the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company’s stock valued at $3,660,000 after acquiring an additional 8,989 shares in the last quarter. Finally, Park Edge Advisors LLC bought a new stake in shares of AT&T in the 1st quarter worth about $1,000,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 0.0%

AT&T stock opened at $28.31 on Friday. The stock has a market cap of $202.43 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 3.62 and a beta of 0.44. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The stock has a 50-day moving average of $28.61 and a two-hundred day moving average of $27.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. On average, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is presently 63.07%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Bank of America began coverage on shares of AT&T in a research note on Monday, July 7th. They issued a “buy” rating and a $32.00 price objective on the stock. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Wells Fargo & Company raised their price target on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. The Goldman Sachs Group assumed coverage on shares of AT&T in a research report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.74.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.