Raab & Moskowitz Asset Management LLC Cuts Stock Position in AT&T Inc. (NYSE:T)

Raab & Moskowitz Asset Management LLC decreased its holdings in AT&T Inc. (NYSE:T) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,081 shares of the technology company’s stock after selling 1,793 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in AT&T were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Octavia Wealth Advisors LLC increased its holdings in shares of AT&T by 2.1% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock worth $484,000 after buying an additional 519 shares during the last quarter. Carolinas Wealth Consulting LLC increased its stake in AT&T by 2.3% during the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after acquiring an additional 521 shares during the last quarter. WealthCare Investment Partners LLC raised its holdings in shares of AT&T by 2.2% in the 2nd quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after purchasing an additional 525 shares during the period. Integral Investment Advisors Inc. lifted its stake in shares of AT&T by 3.2% in the 2nd quarter. Integral Investment Advisors Inc. now owns 17,177 shares of the technology company’s stock valued at $322,000 after purchasing an additional 538 shares in the last quarter. Finally, Financial Counselors Inc. grew its holdings in shares of AT&T by 0.6% during the 2nd quarter. Financial Counselors Inc. now owns 92,450 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 539 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 1.1 %

T stock opened at $21.90 on Friday. 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 firm’s 50-day simple moving average is $20.15 and its 200 day simple moving average is $18.49. The stock has a market cap of $156.99 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 3.68 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $14.12 and a fifty-two week high of $22.34.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $29.80 billion for the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. As a group, sell-side analysts predict that AT&T Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on T shares. Moffett Nathanson lifted their price target on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Evercore ISI upped their price target on shares of AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, July 25th. TD Cowen increased their price target on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Tigress Financial increased their target price on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of “Hold” and a consensus price target of $22.38.

AT&T 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.