Roman Butler Fullerton & Co. Lowers Position in AT&T Inc. (NYSE:T)

Roman Butler Fullerton & Co. cut its stake in AT&T Inc. (NYSE:T) by 10.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,037 shares of the technology company’s stock after selling 3,499 shares during the period. Roman Butler Fullerton & Co.’s holdings in AT&T were worth $544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in AT&T by 146.0% during the 4th quarter. Cerity Partners LLC now owns 912,604 shares of the technology company’s stock valued at $15,313,000 after acquiring an additional 541,685 shares during the period. Janiczek Wealth Management LLC grew its holdings in shares of AT&T by 116.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 5,232 shares of the technology company’s stock worth $88,000 after purchasing an additional 2,819 shares during the last quarter. Sapient Capital LLC purchased a new position in shares of AT&T in the fourth quarter worth $834,000. Perigon Wealth Management LLC raised its holdings in AT&T by 13.0% during the 4th quarter. Perigon Wealth Management LLC now owns 119,421 shares of the technology company’s stock valued at $2,004,000 after buying an additional 13,758 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new stake in AT&T during the 4th quarter valued at $61,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

T has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. UBS Group reiterated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a report on Tuesday, June 18th. TD Cowen boosted their target price on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $22.33.

AT&T Stock Up 0.5 %

T traded up $0.09 during trading on Tuesday, hitting $19.52. 21,199,199 shares of the company’s stock traded hands, compared to its average volume of 36,528,254. AT&T Inc. has a 12-month low of $13.92 and a 12-month high of $19.99. The company’s 50 day simple moving average is $18.69 and its two-hundred day simple moving average is $17.67. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $139.96 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 3.23 and a beta of 0.58.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.69%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

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.