SLT Holdings LLC Has $324,000 Holdings in AT&T Inc. $T

SLT Holdings LLC lessened its stake in AT&T Inc. (NYSE:TFree Report) by 60.0% in the second quarter, Holdings Channel reports. The firm owned 11,190 shares of the technology company’s stock after selling 16,788 shares during the quarter. SLT Holdings LLC’s holdings in AT&T were worth $324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Drucker Wealth 3.0 LLC raised its stake in AT&T by 207.9% in the second quarter. Drucker Wealth 3.0 LLC now owns 37,375 shares of the technology company’s stock valued at $1,050,000 after purchasing an additional 25,236 shares in the last quarter. Aberdeen Group plc raised its stake in AT&T by 4.9% in the second quarter. Aberdeen Group plc now owns 6,089,222 shares of the technology company’s stock valued at $173,878,000 after purchasing an additional 285,690 shares in the last quarter. PDS Planning Inc raised its stake in AT&T by 7.2% in the second quarter. PDS Planning Inc now owns 39,309 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 2,627 shares in the last quarter. JB Capital LLC grew its position in AT&T by 9.8% in the second quarter. JB Capital LLC now owns 30,222 shares of the technology company’s stock valued at $875,000 after acquiring an additional 2,709 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its position in AT&T by 13.7% in the second quarter. Thompson Investment Management Inc. now owns 8,600 shares of the technology company’s stock valued at $249,000 after acquiring an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Thursday, July 24th. Sanford C. Bernstein lifted their target price on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. One equities research 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 company’s stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $30.75.

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AT&T Stock Performance

AT&T stock opened at $25.85 on Friday. The business has a 50 day moving average of $28.45 and a 200-day moving average of $27.88. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $184.82 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.12 and a beta of 0.42.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s dividend payout ratio is currently 63.07%.

About AT&T

(Free Report)

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.

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

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