Almanack Investment Partners LLC. Has $201,000 Stock Position in AT&T Inc. $T

Almanack Investment Partners LLC. reduced its stake in shares of AT&T Inc. (NYSE:T) by 9.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,942 shares of the technology company’s stock after selling 760 shares during the quarter. Almanack Investment Partners LLC.’s holdings in AT&T were worth $201,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of T. Kingstone Capital Partners Texas LLC acquired a new stake in AT&T in the second quarter valued at about $5,266,758,000. Nuveen LLC acquired a new stake in AT&T in the first quarter valued at about $1,072,128,000. GQG Partners LLC boosted its stake in AT&T by 17.7% in the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after buying an additional 17,177,874 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in AT&T by 30,527.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock valued at $338,213,000 after buying an additional 11,920,392 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in AT&T by 350.4% in the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after buying an additional 8,841,126 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T opened at $25.57 on Tuesday. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $182.80 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 2.10 and a beta of 0.42. The business has a 50-day moving average of $28.41 and a 200-day moving average of $27.86.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (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 the consensus estimate of $30.44 billion. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. Morgan Stanley increased their target price on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. 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 target price for the company. Finally, Sanford C. Bernstein increased their target price on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

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.