Motiv8 Investments LLC Decreases Stock Position in AT&T Inc. $T

Motiv8 Investments LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 16.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,626 shares of the technology company’s stock after selling 1,519 shares during the quarter. Motiv8 Investments LLC’s holdings in AT&T were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in AT&T in the 1st quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in AT&T during the 2nd quarter valued at approximately $26,000. Kennebec Savings Bank grew its holdings in shares of AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares during the period. Hager Investment Management Services LLC raised its position in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares in the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of AT&T in the 1st quarter worth approximately $29,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.2%

Shares of AT&T stock opened at $27.06 on Monday. The company has a 50-day simple moving average of $28.60 and a two-hundred day simple moving average of $27.93. The stock has a market capitalization of $193.49 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. AT&T Inc. has a 52-week low of $21.05 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is presently 63.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. Morgan Stanley boosted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.75.

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.