Lloyd Advisory Services LLC. Trims Stock Position in AT&T Inc. (NYSE:T)

Lloyd Advisory Services LLC. reduced its stake in AT&T Inc. (NYSE:T) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,039 shares of the technology company’s stock after selling 1,075 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in AT&T were worth $510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of T. Brighton Jones LLC grew its position in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares during the last quarter. GHP Investment Advisors Inc. increased its position in AT&T by 6.9% during the 4th quarter. GHP Investment Advisors Inc. now owns 16,367 shares of the technology company’s stock worth $373,000 after purchasing an additional 1,053 shares during the period. Fairvoy Private Wealth LLC acquired a new position in AT&T during the 4th quarter worth approximately $300,000. Golden State Wealth Management LLC acquired a new position in AT&T during the 4th quarter worth approximately $96,000. Finally, Appleton Partners Inc. MA increased its position in AT&T by 42.7% during the 4th quarter. Appleton Partners Inc. MA now owns 18,278 shares of the technology company’s stock worth $416,000 after purchasing an additional 5,468 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the topic of several recent analyst reports. Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Monday, April 7th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. Royal Bank of Canada boosted their price target on AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Finally, Williams Trading set a $30.00 price target on AT&T in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.71.

AT&T Trading Up 1.2%

Shares of AT&T stock opened at $28.09 on Friday. AT&T Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $29.03. The firm has a market cap of $202.12 billion, a PE ratio of 18.85, a P/E/G ratio of 3.00 and a beta of 0.41. The business’s fifty day moving average is $27.32 and its two-hundred day moving average is $25.47. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion for the quarter, compared to analysts’ expectations of $30.39 billion. During the same period in the prior year, the company earned $0.55 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. AT&T’s payout ratio is 68.10%.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.