AT&T Inc. (NYSE:T) Shares Sold by Hudson Capital Management LLC

Hudson Capital Management LLC lowered its holdings in AT&T Inc. (NYSE:T) by 2.4% in the third quarter, HoldingsChannel reports. The firm owned 238,714 shares of the technology company’s stock after selling 5,990 shares during the quarter. AT&T makes up approximately 1.7% of Hudson Capital Management LLC’s holdings, making the stock its 21st biggest holding. Hudson Capital Management LLC’s holdings in AT&T were worth $5,252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in T. Riggs Asset Managment Co. Inc. grew its holdings in AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,116 shares in the last quarter. Pineridge Advisors LLC acquired a new position in AT&T during the 4th quarter worth approximately $25,000. American Capital Advisory LLC grew its holdings in AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after acquiring an additional 807 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of AT&T during the 2nd quarter worth approximately $30,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of AT&T during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 3.2 %

Shares of AT&T stock opened at $21.23 on Friday. The company has a market cap of $152.22 billion, a P/E ratio of 12.20, a PEG ratio of 3.74 and a beta of 0.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. AT&T Inc. has a one year low of $14.23 and a one year high of $22.34. The firm has a fifty day moving average of $20.67 and a two-hundred day moving average of $18.79.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.23%. AT&T’s dividend payout ratio (DPR) is presently 63.79%.

Wall Street Analyst Weigh In

T has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Evercore ISI boosted their price objective on shares of AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, July 25th. Daiwa America upgraded shares of AT&T to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.38.

AT&T 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.