S&CO Inc. Decreases Holdings in AT&T Inc. (NYSE:T)

S&CO Inc. lowered its position in AT&T Inc. (NYSE:T) by 24.0% during the third quarter, HoldingsChannel.com reports. The fund owned 37,355 shares of the technology company’s stock after selling 11,790 shares during the quarter. S&CO Inc.’s holdings in AT&T were worth $821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of T. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of 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 worth $29,000 after purchasing an additional 841 shares during the period. Riggs Asset Managment Co. Inc. increased 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 valued at $27,000 after purchasing an additional 1,116 shares in the last quarter. American Capital Advisory LLC grew its stake in shares of AT&T by 107.5% during the second 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 in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of AT&T during the third quarter valued at about $35,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of AT&T during the second quarter valued at about $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.9 %

AT&T stock opened at $22.68 on Friday. AT&T Inc. has a 1 year low of $15.75 and a 1 year high of $22.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market cap of $162.74 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The firm’s 50 day moving average price is $21.89 and its two-hundred day moving average price is $19.73.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the previous year, the company posted $0.64 EPS. AT&T’s revenue was down .5% on a year-over-year basis. On average, research analysts predict that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s payout ratio is presently 90.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Evercore ISI lifted their price target on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $22.00 target price on shares of AT&T in a report on Thursday, October 24th. Barclays raised their target price on shares of AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Daiwa America raised shares of AT&T to a “hold” rating in a report on Friday, July 26th. Finally, Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.40.

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.