Viewpoint Capital Management LLC Sells 391 Shares of AT&T Inc. $T

Viewpoint Capital Management LLC lowered its stake in AT&T Inc. (NYSE:T) by 0.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 47,001 shares of the technology company’s stock after selling 391 shares during the period. Viewpoint Capital Management LLC’s holdings in AT&T were worth $1,360,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. David J Yvars Group boosted its stake in AT&T by 2.8% in the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after purchasing an additional 372 shares during the period. AllSquare Wealth Management LLC boosted its position in shares of AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after acquiring an additional 378 shares during the period. Barnes Wealth Management Group Inc boosted its position in shares of AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after acquiring an additional 380 shares during the period. Kathmere Capital Management LLC grew its stake in shares of AT&T by 0.8% in the second quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after acquiring an additional 381 shares in the last quarter. Finally, James J. Burns & Company LLC increased its position in AT&T by 1.0% during the second quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock worth $1,168,000 after acquiring an additional 383 shares during the period. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on T shares. The Goldman Sachs Group assumed coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Thursday, July 24th. Barclays restated an “equal weight” rating and set a $30.00 price objective on shares of AT&T in a research note on Wednesday, October 1st. Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 target price (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Finally, Bank of America assumed coverage on AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $30.75.

AT&T Trading Down 4.4%

Shares of T stock opened at $25.88 on Tuesday. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The stock’s fifty day moving average price is $28.56 and its two-hundred day moving average price is $27.92. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market cap of $185.05 billion, a PE ratio of 14.70, a P/E/G ratio of 3.46 and a beta of 0.42.

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

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s dividend payout ratio is 63.07%.

AT&T Company 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.