Lion Street Advisors LLC Lowers Holdings in AT&T Inc. (NYSE:T)

Lion Street Advisors LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 24.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,364 shares of the technology company’s stock after selling 4,411 shares during the quarter. Lion Street Advisors LLC’s holdings in AT&T were worth $255,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Frank Rimerman Advisors LLC bought a new position in shares of AT&T during the 4th quarter valued at approximately $25,000. Pineridge Advisors LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $25,000. First Pacific Financial lifted its position in shares of AT&T by 166.7% in the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. Western Pacific Wealth Management LP purchased a new position in AT&T during the fourth quarter worth approximately $39,000. Finally, ESL Trust Services LLC acquired a new stake in shares of AT&T during the first quarter valued at about $39,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T traded up $0.09 during trading hours on Friday, hitting $19.49. The stock had a trading volume of 22,819,613 shares, compared to its average volume of 39,708,528. The stock has a fifty day moving average price of $18.66 and a 200 day moving average price of $17.65. AT&T Inc. has a 12 month low of $13.92 and a 12 month high of $19.99. 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 firm has a market capitalization of $139.75 billion, a PE ratio of 10.48, a PEG ratio of 3.23 and a beta of 0.58.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date was Wednesday, July 10th. AT&T’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on T. Daiwa America upgraded shares of AT&T to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Oppenheimer upped their target price on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Finally, StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

AT&T Company 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.