Equitable Trust Co. has $270,000 position in AT&T Inc. (NYSE:T)

Equitable Trust Co. reduced its holdings in AT&T Inc. (NYSE:T – Free Report) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,151 shares of the technology company’s stock after selling 1,877 shares during the quarter. Equitable Trust Co. holdings. in AT&T were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors also made changes to their positions in T. Game Plan Financial Advisors LLC grew its holdings in AT&T by 28,909.1% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 15,955 shares of the technology company’s stock valued at $305,000 after buying an additional 15,900 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in AT&T in the second quarter valued at $97,000. Consolidated Portfolio Review Corp boosted its holdings in AT&T by 16.2% in the second quarter. Consolidated Portfolio Review Corp now owns 35,908 shares of the technology company’s stock valued at $686,000 after buying an additional 5,001 shares in the last quarter. Bellwether Advisors LLC acquired a new position in AT&T in the second quarter valued at $510,000. Finally, Ritholtz Wealth Management boosted its holdings in AT&T by 4.6% in the second quarter. Ritholtz Wealth Management now owns 64,292 shares of the technology company’s stock valued at $1,229,000 after purchasing an additional 2,834 shares in the last quarter. 57.10% of shares are owned by institutional investors and hedge funds.

The Wall Street analyst weighs in

T has been the subject of a number of research reports. Moffett Nathanson boosted their price objective on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Daiwa America upgraded AT&T to a “hold” rating in a research report on Friday, July 26th. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Goldman Sachs Group started coverage on AT&T in a research report on Monday, July 1st. They set a “buy” rating and a $22.00 price target for the company. Finally, Oppenheimer boosted their price target on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.06, according to MarketBeat.com.

Check out our latest analysis of AT&T

AT&T Price Performance

AT&T stock opened at $19.90 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.66, and a debt-to-equity ratio of 1.05. The company has a market cap of $142.69 billion, a PE ratio of 10.70, a P/E/G ratio of 3.36 and a beta of 0.58. AT&T Inc. has a 12-month low of $14.12 and a 12-month high of $19.99. The stock has a 50 day moving average price of $19.16 and a two hundred day moving average price of $17.91.

AT&T (NYSE:T – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $29.80 billion during the quarter, compared to analysts’ expectations 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 0.3% year over year. In the same quarter last year, the company posted earnings of $0.63 per share. Analysts expect AT&T Inc. will record 2.22 EPS for the current year.

AT&T announces dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents an annualized dividend of $1.11 and a yield of 5.58%. AT&T’s dividend payout ratio is currently 59.68%.

AT&T Company Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment provides wireless voice and data communications services; and sells mobile phones, 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.

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