Motiv8 Investments LLC Sells 1,519 Shares of AT&T Inc. $T

Motiv8 Investments LLC trimmed its position in AT&T Inc. (NYSE:T) by 16.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,626 shares of the technology company’s stock after selling 1,519 shares during the period. Motiv8 Investments LLC’s holdings in AT&T were worth $221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in T. Stone House Investment Management LLC bought a new stake in shares of AT&T during the first quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T in the second quarter worth approximately $26,000. Hager Investment Management Services LLC raised its stake in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares during the last quarter. Kennebec Savings Bank lifted its holdings in shares of AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Core Alternative Capital boosted its position in shares of AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after buying an additional 568 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock opened at $27.06 on Monday. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a market cap of $193.49 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. The firm’s fifty day moving average price is $28.60 and its 200-day moving average price is $27.93.

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

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is presently 63.07%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on T shares. Wells Fargo & Company increased their price target on AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Hsbc Global Res downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Citigroup restated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Morgan Stanley increased their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, Scotiabank set a $30.25 target price on AT&T and gave the stock a “sector perform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T Company Profile

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.