Dynamic Advisor Solutions LLC Cuts Position in AT&T Inc. (NYSE:T)

Dynamic Advisor Solutions LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 168,965 shares of the technology company’s stock after selling 705 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in AT&T were worth $3,717,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Octavia Wealth Advisors LLC raised its position in AT&T by 2.1% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock valued at $484,000 after purchasing an additional 519 shares during 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 buying an additional 521 shares during the last quarter. WealthCare Investment Partners LLC lifted its position in AT&T by 2.2% during the 2nd quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after buying an additional 525 shares in the last quarter. Integral Investment Advisors Inc. grew its holdings in AT&T by 3.2% during the 2nd quarter. Integral Investment Advisors Inc. now owns 17,177 shares of the technology company’s stock worth $322,000 after acquiring an additional 538 shares during the last quarter. Finally, Financial Counselors Inc. increased its position in AT&T by 0.6% in the 2nd quarter. Financial Counselors Inc. now owns 92,450 shares of the technology company’s stock valued at $1,767,000 after acquiring an additional 539 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4 %

NYSE:T opened at $21.87 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The business’s 50-day simple moving average is $20.53 and its 200-day simple moving average is $18.71. AT&T Inc. has a fifty-two week low of $14.23 and a fifty-two week high of $22.34. The stock has a market capitalization of $156.81 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.78 and a beta of 0.60.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Sell-side analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.08%. AT&T’s dividend payout ratio (DPR) is 59.68%.

Analysts Set New Price Targets

T has been the topic of several research analyst reports. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research note on Monday, September 16th. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays boosted their target price on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, UBS Group reissued a “buy” rating and set a $24.00 price objective on shares of AT&T in a report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

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.