AT&T Inc. $T Shares Sold by Vestor Capital LLC

Vestor Capital LLC decreased its holdings in AT&T Inc. (NYSE:T) by 93.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,010 shares of the technology company’s stock after selling 461,083 shares during the quarter. Vestor Capital LLC’s holdings in AT&T were worth $897,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new stake in AT&T in the second quarter worth about $5,266,758,000. Nuveen LLC acquired a new position in AT&T during the 1st quarter valued at about $1,072,128,000. GQG Partners LLC raised its position in shares of AT&T by 17.7% during the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after buying an additional 17,177,874 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of AT&T by 30,527.5% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock worth $338,213,000 after acquiring an additional 11,920,392 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of AT&T by 1.6% in the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after acquiring an additional 10,310,560 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on shares of AT&T in a research note on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price objective on the stock. TD Cowen lifted their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. KeyCorp raised AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Tuesday, November 11th. Sanford C. Bernstein upped their price objective on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $33.00 target price (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.64.

AT&T Price Performance

NYSE T opened at $25.94 on Friday. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The business’s fifty day moving average is $26.37 and its two-hundred day moving average is $27.48. The stock has a market capitalization of $183.90 billion, a P/E ratio of 8.42, a P/E/G ratio of 2.16 and a beta of 0.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. On average, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, October 10th. AT&T’s payout ratio is presently 36.04%.

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.