AT&T Inc. (NYSE:T) Stock Position Trimmed by Vista Investment Partners LLC

Vista Investment Partners LLC decreased its position in AT&T Inc. (NYSE:T) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,008 shares of the technology company’s stock after selling 1,567 shares during the period. Vista Investment Partners LLC’s holdings in AT&T were worth $1,835,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in T. Tennessee Valley Asset Management Partners bought a new stake in shares of AT&T during the 4th quarter worth $61,000. SVB Wealth LLC increased its stake in AT&T by 38.3% in the 4th quarter. SVB Wealth LLC now owns 154,127 shares of the technology company’s stock worth $2,586,000 after purchasing an additional 42,686 shares in the last quarter. United Asset Strategies Inc. raised its holdings in AT&T by 19.0% during the 4th quarter. United Asset Strategies Inc. now owns 15,639 shares of the technology company’s stock worth $262,000 after buying an additional 2,495 shares during the period. Daiwa Securities Group Inc. lifted its stake in AT&T by 7.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 674,638 shares of the technology company’s stock valued at $11,320,000 after buying an additional 48,480 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of AT&T by 76.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,806 shares of the technology company’s stock worth $265,000 after buying an additional 6,859 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on T shares. TD Cowen increased their price objective on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Royal Bank of Canada lifted their target price on shares of AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Finally, UBS Group reaffirmed a “buy” rating and issued a $24.00 price target on shares of AT&T in a research note on Tuesday, June 18th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $22.06.

AT&T Stock Performance

NYSE T traded up $0.25 during midday trading on Friday, hitting $19.34. The company had a trading volume of 24,724,429 shares, compared to its average volume of 37,142,744. The firm has a fifty day simple moving average of $18.78 and a two-hundred day simple moving average of $17.73. AT&T Inc. has a fifty-two week low of $13.92 and a fifty-two week high of $19.99. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The stock has a market cap of $138.67 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 3.31 and a beta of 0.58.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. Equities analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.74%. The ex-dividend date was Wednesday, July 10th. AT&T’s dividend payout ratio is 59.68%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.