AT&T Inc. $T Shares Sold by Dnca Finance

Dnca Finance decreased its position in shares of AT&T Inc. (NYSE:T) by 82.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 147,300 shares of the technology company’s stock after selling 699,330 shares during the period. Dnca Finance’s holdings in AT&T were worth $4,263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Oribel Capital Management LP acquired a new stake in shares of AT&T during the second quarter worth $98,711,000. Rockport Wealth LLC acquired a new stake in AT&T in the 2nd quarter worth about $317,000. Cary Street Partners Investment Advisory LLC grew its holdings in AT&T by 38.6% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 12,620 shares of the technology company’s stock valued at $365,000 after buying an additional 3,515 shares during the period. Ardmore Road Asset Management LP purchased a new stake in AT&T in the 2nd quarter valued at about $72,350,000. Finally, Victory Financial Group LLC increased its stake in shares of AT&T by 23.8% during the 2nd quarter. Victory Financial Group LLC now owns 11,332 shares of the technology company’s stock valued at $328,000 after acquiring an additional 2,176 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on T shares. KeyCorp raised shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Tuesday, November 11th. Royal Bank Of Canada lowered their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Sanford C. Bernstein upped their price objective on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.64.

AT&T Stock Performance

Shares of T stock opened at $25.28 on Friday. 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 company has a market cap of $179.19 billion, a PE ratio of 8.21, a P/E/G ratio of 1.48 and a beta of 0.38. The company’s fifty day simple moving average is $25.71 and its 200-day simple moving average is $27.36. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79.

AT&T (NYSE:T) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $30.85 billion. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 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.