WBI Investments LLC Has $933,000 Stake in AT&T Inc. $T

WBI Investments LLC reduced its position in AT&T Inc. (NYSE:T - Free Report) by 83.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,249 shares of the technology company's stock after selling 168,668 shares during the period. WBI Investments LLC's holdings in AT&T were worth $933,000 at the end of the most recent quarter.

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Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in shares of AT&T by 10.9% in the first quarter. Crestwood Advisors Group LLC now owns 25,370 shares of the technology company's stock worth $717,000 after purchasing an additional 2,489 shares during the last quarter. PFG Advisors raised its stake in shares of AT&T by 3.2% in the first quarter. PFG Advisors now owns 30,801 shares of the technology company's stock worth $871,000 after purchasing an additional 945 shares during the last quarter. Choreo LLC lifted its holdings in shares of AT&T by 0.9% in the first quarter. Choreo LLC now owns 260,398 shares of the technology company's stock valued at $7,364,000 after purchasing an additional 2,384 shares in the last quarter. Finally, VSM Wealth Advisory LLC boosted its position in shares of AT&T by 31.1% during the first quarter. VSM Wealth Advisory LLC now owns 2,521 shares of the technology company's stock valued at $71,000 after buying an additional 598 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on AT&T from $31.00 to $29.00 and set an "overweight" rating for the company in a research report on Thursday, October 16th. Barclays reduced their price objective on shares of AT&T from $30.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, October 23rd. TD Cowen boosted their target price on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research note on Thursday, October 23rd. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Finally, Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.64.

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Check Out Our Latest Report on AT&T

AT&T Price Performance

Shares of NYSE T opened at $25.61 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a fifty day simple moving average of $26.60 and a two-hundred day simple moving average of $27.53. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79. The firm has a market cap of $181.53 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40.

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AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The business's revenue was up 1.7% on a year-over-year basis. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, October 10th. AT&T's dividend payout ratio (DPR) is currently 36.04%.

AT&T Company Profile

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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