AT&T Inc. (NYSE:T) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. reduced its position in shares of AT&T Inc. (NYSE:T) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,960 shares of the technology company’s stock after selling 864 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in AT&T were worth $872,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T in the fourth quarter worth $25,000. Pineridge Advisors LLC bought a new stake in shares of AT&T in the fourth quarter worth $25,000. Ramirez Asset Management Inc. bought a new stake in shares of AT&T in the third quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of AT&T in the fourth quarter worth $39,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 2.0 %

Shares of T traded up $0.38 during trading hours on Friday, reaching $19.13. The company’s stock had a trading volume of 52,807,062 shares, compared to its average volume of 36,886,191. The firm has a market cap of $137.17 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 4.26 and a beta of 0.60. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.13. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $17.57 and a two-hundred day moving average of $17.17.

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

AT&T Dividend Announcement

The business 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 dividend of $0.2775 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.80%. AT&T’s payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on T shares. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Oppenheimer reissued an “outperform” rating and set a $21.00 price target on shares of AT&T in a report on Tuesday. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $21.71.

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.