AT&T Inc. (NYSE:T) Shares Sold by Leelyn Smith LLC

Leelyn Smith LLC trimmed its stake in shares of AT&T Inc. (NYSE:T) by 12.2% during the third quarter, Holdings Channel reports. The firm owned 22,142 shares of the technology company’s stock after selling 3,068 shares during the period. Leelyn Smith LLC’s holdings in AT&T were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in T. Ritter Daniher Financial Advisory LLC DE boosted its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in AT&T by 356.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after buying an additional 1,116 shares in the last quarter. American Capital Advisory LLC increased its position in AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after acquiring an additional 807 shares during the period. Reston Wealth Management LLC bought a new stake in AT&T during the 3rd quarter valued at $35,000. Finally, Altshuler Shaham Ltd acquired a new position in AT&T during the 2nd quarter worth $30,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. Oppenheimer raised their price target on AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Tigress Financial boosted their target price on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Citigroup lifted their price target on AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.40.

AT&T Stock Up 0.8 %

NYSE:T opened at $23.18 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $23.29. The firm has a market capitalization of $166.29 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.45 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The business’s fifty day moving average price is $22.02 and its 200 day moving average price is $19.92.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.79%. AT&T’s dividend payout ratio is 90.24%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.