Hillman Capital Management Inc. Has $6.83 Million Position in AT&T Inc. $T

Hillman Capital Management Inc. decreased its stake in AT&T Inc. (NYSE:T) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,864 shares of the technology company’s stock after selling 27,909 shares during the quarter. AT&T accounts for about 3.7% of Hillman Capital Management Inc.’s portfolio, making the stock its largest position. Hillman Capital Management Inc.’s holdings in AT&T were worth $6,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of T. O Brien Wealth Partners LLC acquired a new position in AT&T during the second quarter valued at approximately $26,000. Solstein Capital LLC boosted its position in shares of AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares in the last quarter. Kennebec Savings Bank grew its holdings in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares during the period. Curio Wealth LLC increased its position in shares of AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 2nd quarter valued at $32,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Williams Trading set a $33.00 price target on shares of AT&T in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Price Performance

Shares of T opened at $24.57 on Friday. The stock has a market capitalization of $174.20 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.42 and a beta of 0.38. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company has a 50 day moving average of $25.41 and a 200-day moving average of $27.26. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is presently 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.