Moisand Fitzgerald Tamayo LLC Sells 718 Shares of AT&T Inc. (NYSE:T)

Moisand Fitzgerald Tamayo LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,578 shares of the technology company’s stock after selling 718 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in AT&T were worth $211,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. San Luis Wealth Advisors LLC lifted its position in shares of AT&T by 9.5% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 46,809 shares of the technology company’s stock worth $1,030,000 after purchasing an additional 4,066 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in AT&T by 3,396.5% in the 3rd quarter. Contravisory Investment Management Inc. now owns 22,203 shares of the technology company’s stock valued at $488,000 after acquiring an additional 21,568 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in AT&T by 3.5% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 371,551 shares of the technology company’s stock valued at $8,174,000 after acquiring an additional 12,444 shares in the last quarter. USA Financial Formulas raised its holdings in AT&T by 20.8% in the 3rd quarter. USA Financial Formulas now owns 11,928 shares of the technology company’s stock valued at $262,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Somerset Trust Co raised its holdings in AT&T by 2.0% in the 3rd quarter. Somerset Trust Co now owns 54,223 shares of the technology company’s stock valued at $1,193,000 after acquiring an additional 1,081 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

NYSE:T opened at $21.23 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. The stock’s 50-day simple moving average is $20.67 and its 200 day simple moving average is $18.79. The company has a market cap of $152.22 billion, a P/E ratio of 12.20, a P/E/G ratio of 3.74 and a beta of 0.60. AT&T Inc. has a 52-week low of $14.23 and a 52-week high of $22.34.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $29.80 billion for 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 business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. As a group, sell-side analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s payout ratio is 63.79%.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent research reports. Evercore ISI increased their target price on AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Oppenheimer increased their price target on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Tigress Financial increased their price target on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $22.38.

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.