AT&T Inc. $T Shares Sold by Wincap Financial LLC

Wincap Financial LLC reduced its holdings in AT&T Inc. (NYSE:T) by 22.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,782 shares of the technology company’s stock after selling 14,136 shares during the quarter. AT&T comprises 1.1% of Wincap Financial LLC’s investment portfolio, making the stock its 22nd biggest holding. Wincap Financial LLC’s holdings in AT&T were worth $1,383,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. May Hill Capital LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at approximately $266,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of AT&T by 22.2% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,856,370 shares of the technology company’s stock valued at $53,723,000 after buying an additional 336,900 shares during the period. Alexander Labrunerie & CO. Inc. increased its stake in AT&T by 2.9% in the 2nd quarter. Alexander Labrunerie & CO. Inc. now owns 37,868 shares of the technology company’s stock valued at $1,096,000 after purchasing an additional 1,084 shares in the last quarter. Rossby Financial LCC increased its stake in AT&T by 11.4% in the 2nd quarter. Rossby Financial LCC now owns 41,248 shares of the technology company’s stock valued at $1,194,000 after purchasing an additional 4,210 shares in the last quarter. Finally, SYM FINANCIAL Corp increased its stake in AT&T by 3.7% in the 2nd quarter. SYM FINANCIAL Corp now owns 26,066 shares of the technology company’s stock valued at $754,000 after purchasing an additional 926 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on T shares. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research note on Thursday. Williams Trading set a $33.00 price objective on AT&T in a research note on Thursday. Wells Fargo & Company dropped their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. JPMorgan Chase & Co. raised their price objective on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.67.

AT&T Stock Performance

AT&T stock opened at $25.50 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a fifty day moving average of $27.90 and a two-hundred day moving average of $27.76. The company has a market capitalization of $182.35 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 2.03 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.AT&T’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given 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 4.4%. AT&T’s payout ratio is currently 36.04%.

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.