Aspiriant LLC Cuts Holdings in AT&T Inc. (NYSE:T)

Aspiriant LLC lessened its stake in AT&T Inc. (NYSE:T) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,664 shares of the technology company’s stock after selling 923 shares during the period. Aspiriant LLC’s holdings in AT&T were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Texas Capital Bank Wealth Management Services Inc grew its stake in shares of AT&T by 1.7% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 35,098 shares of the technology company’s stock worth $589,000 after purchasing an additional 598 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares during the period. JB Capital LLC lifted its position in shares of AT&T by 2.4% during the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after buying an additional 614 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of AT&T by 1.5% during the 1st quarter. Fortitude Family Office LLC now owns 41,595 shares of the technology company’s stock valued at $732,000 after buying an additional 614 shares in the last quarter. Finally, Connecticut Wealth Management LLC lifted its position in shares of AT&T by 3.0% during the 4th quarter. Connecticut Wealth Management LLC now owns 21,601 shares of the technology company’s stock valued at $362,000 after buying an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $24.00 target price on shares of AT&T in a research report on Tuesday, June 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 5th. Finally, Scotiabank raised their price objective on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.54.

AT&T Stock Up 0.4 %

Shares of NYSE:T opened at $18.77 on Thursday. The business has a 50-day moving average price of $17.42 and a 200 day moving average price of $17.13. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $134.55 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 4.25 and a beta of 0.60. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.81.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Sell-side analysts expect that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.92%. AT&T’s dividend payout ratio is currently 59.68%.

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.