AT&T Inc. (NYSE:T) Shares Sold by Realta Investment Advisors

Realta Investment Advisors trimmed its stake in shares of AT&T Inc. (NYSE:T) by 42.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 26,190 shares of the technology company’s stock after selling 19,378 shares during the quarter. Realta Investment Advisors’ holdings in AT&T were worth $557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hayek Kallen Investment Management grew its holdings in AT&T by 0.8% during the third quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company’s stock worth $1,326,000 after buying an additional 500 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in AT&T by 0.7% during the 3rd quarter. Lake Street Advisors Group LLC now owns 73,562 shares of the technology company’s stock worth $1,618,000 after acquiring an additional 513 shares during the last quarter. Octavia Wealth Advisors LLC grew its stake in shares of AT&T by 2.1% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock worth $484,000 after acquiring an additional 519 shares in the last quarter. Carolinas Wealth Consulting LLC raised its holdings in shares of AT&T by 2.3% in the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock valued at $452,000 after purchasing an additional 521 shares during the last quarter. Finally, WealthCare Investment Partners LLC lifted its position in shares of AT&T by 2.2% during the second quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock valued at $461,000 after purchasing an additional 525 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock traded down $0.42 during mid-day trading on Friday, reaching $22.12. The company’s stock had a trading volume of 37,169,974 shares, compared to its average volume of 33,312,150. The firm’s fifty day moving average price is $21.47 and its two-hundred day moving average price is $19.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a 12-month low of $15.46 and a 12-month high of $22.73. The company has a market capitalization of $158.72 billion, a P/E ratio of 17.98, a PEG ratio of 3.38 and a beta of 0.59.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is 90.24%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Moffett Nathanson lifted their target price on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Daiwa America upgraded AT&T to a “hold” rating in a report on Friday, July 26th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Barclays lifted their target price on AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Oppenheimer increased their price target on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.40.

About AT&T

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.