AT&T Inc. Shares (NYSE:T) sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its position in shares of AT&T Inc. (NYSE:T – Free Report) by 5.0% during the second quarter, HoldingsChannel.com reports. The fund owned 38,574 shares of the technology company’s stock after selling 2,049 shares during the quarter. Bahl & Gaynor Inc Holdings in AT&T were worth $737,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in T. Vantage Financial Partners LLC boosted its position in AT&T by 25.5% in the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock valued at $641,000 after purchasing an additional 7,762 shares during the last quarter. Gilbert & Cook Inc. grew its position in AT&T by 4.1% during the 4th quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after acquiring an additional 1,212 shares during the period. Aveo Capital Partners LLC boosted its stake in AT&T by 4.5% during the 4th quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock valued at $466,000 after buying an additional 1,194 shares in the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of AT&T by 21.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock valued at $477,000 after buying an additional 4,870 shares during the period. Finally, Eagle Bay Advisors LLC boosted its holdings in shares of AT&T by 133.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 3,882 shares of the technology company’s stock valued at $65,000 after purchasing an additional 2,219 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s shares.

AT&T stock performance

T opened at $21.59 on Friday. AT&T Inc. it has a 12-month low of $14.12 and a 12-month high of $21.86. The firm has a market cap of $154.81 billion, a PE ratio of 11.61, a PEG ratio of 3.57 and a beta of 0.59. 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’s 50-day moving average price is $19.53 and its 200-day moving average price is $18.13.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The business had revenue of $29.80 billion during the quarter, compared to analyst estimates of $30.05 billion. In the same period last year, the company earned $0.63 per share. The company’s revenue was down 0.3% compared to the same quarter last year. As a group, sell-side analysts expect AT&T Inc. to record 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Wednesday, July 10. This represents an annualized dividend of $1.11 and a dividend yield of 5.14%. AT&T’s dividend payout ratio is currently 59.68%.

Changes in Analyst Ratings

Several research analysts recently weighed in on the company. Citigroup raised their price target on AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday. Moffett Nathanson boosted their price target on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. UBS Group restated a “buy” rating and set a $24.00 target price on shares of AT&T in a research report on Tuesday, June 18th. TD Cowen upped their target price on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and an average price target of $22.31, according to MarketBeat.

Check out our latest report on AT&T

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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