Chilton Capital Management LLC Decreases Position in AT&T Inc. (NYSE:T)

Chilton Capital Management LLC trimmed its position in AT&T Inc. (NYSE:T) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,954 shares of the technology company’s stock after selling 1,098 shares during the period. Chilton Capital Management LLC’s holdings in AT&T were worth $510,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pineridge Advisors LLC purchased a new stake in AT&T in the 4th quarter valued at $25,000. Frank Rimerman Advisors LLC acquired a new stake in AT&T during the fourth quarter worth about $25,000. First Pacific Financial raised its stake in AT&T by 166.7% during the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. HighMark Wealth Management LLC boosted its holdings in AT&T by 58.2% in the 1st quarter. HighMark Wealth Management LLC now owns 2,204 shares of the technology company’s stock valued at $41,000 after purchasing an additional 811 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $39,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Down 1.2 %

Shares of T stock traded down $0.23 on Monday, reaching $18.58. 25,836,418 shares of the stock were exchanged, compared to its average volume of 36,312,531. 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 business’s 50 day moving average price is $17.98 and its 200 day moving average price is $17.34. The company has a market capitalization of $133.22 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 3.55 and a beta of 0.58. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.32.

AT&T (NYSE:T) last released its quarterly earnings results 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. 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 last year, the business posted $0.60 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T Inc. will post 2.23 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Wednesday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on T shares. The Goldman Sachs Group assumed coverage on shares of AT&T in a research report on Monday, July 1st. They issued a “buy” rating and a $22.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $18.00 target price on shares of AT&T in a report on Wednesday, July 10th. Oppenheimer restated an “outperform” rating and set a $21.00 price target on shares of AT&T in a research note on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, UBS Group reissued a “buy” rating and set a $24.00 target price on shares of AT&T in a research note on Tuesday, June 18th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.85.

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.