Aviso Financial Inc. Has $1.53 Million Stock Position in AT&T Inc. $T

Aviso Financial Inc. lessened its position in shares of AT&T Inc. (NYSE:T) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,010 shares of the technology company’s stock after selling 2,160 shares during the quarter. Aviso Financial Inc.’s holdings in AT&T were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of T. Stone House Investment Management LLC acquired a new position in shares of AT&T in the 1st quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in AT&T in the second quarter valued at about $26,000. Kennebec Savings Bank raised its position in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares in the last quarter. Solstein Capital LLC raised its position in AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares in the last quarter. Finally, Curio Wealth LLC lifted its stake in AT&T by 26,100.0% during the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on T. Sanford C. Bernstein upped their price objective on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Wells Fargo & Company decreased their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Barclays lowered their price target on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Royal Bank Of Canada cut their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.64.

AT&T Trading Down 1.3%

T opened at $25.60 on Tuesday. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79. The stock has a market capitalization of $181.49 billion, a PE ratio of 8.31, a PEG ratio of 2.16 and a beta of 0.40. 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 firm has a 50-day moving average price of $26.29 and a two-hundred day moving average price of $27.46.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. AT&T’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were given a $0.2775 dividend. 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 presently 36.04%.

About AT&T

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.