AT&T Inc. $T Shares Sold by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 18.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,130 shares of the technology company’s stock after selling 2,298 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in AT&T were worth $293,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC purchased a new position in AT&T during the first quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T during the 2nd quarter worth approximately $26,000. Solstein Capital LLC raised its stake in shares of AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares in the last quarter. Kennebec Savings Bank raised its stake 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 buying an additional 783 shares in the last quarter. Finally, Hager Investment Management Services LLC lifted its holdings 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 valued at $28,000 after buying an additional 641 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on T shares. Wall Street Zen lowered AT&T from a “buy” rating to a “hold” rating in a report on Saturday. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. UBS Group reiterated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group began coverage on shares of AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Price Performance

Shares of NYSE:T opened at $24.81 on Friday. 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 business’s fifty day moving average price is $27.14 and its two-hundred day moving average price is $27.62. The stock has a market cap of $175.85 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $30.71 billion for 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%.The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. On average, analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s payout ratio is currently 36.04%.

About AT&T

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.