HBW Advisory Services LLC Decreases Stake in AT&T Inc. (NYSE:T)

HBW Advisory Services LLC lessened its holdings in AT&T Inc. (NYSE:T) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,283 shares of the technology company’s stock after selling 12,066 shares during the period. HBW Advisory Services LLC’s holdings in AT&T were worth $4,164,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of T. CIBC Private Wealth Group LLC grew its stake in shares of AT&T by 2.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 263,249 shares of the technology company’s stock worth $4,417,000 after acquiring an additional 5,882 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of AT&T by 16,833.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,062,555 shares of the technology company’s stock valued at $17,830,000 after purchasing an additional 1,056,280 shares during the period. Morningstar Investment Services LLC lifted its stake in shares of AT&T by 140.2% during the 4th quarter. Morningstar Investment Services LLC now owns 38,522 shares of the technology company’s stock valued at $645,000 after buying an additional 22,485 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in AT&T by 12.2% during the 4th quarter. Epoch Investment Partners Inc. now owns 4,360,634 shares of the technology company’s stock valued at $73,171,000 after acquiring an additional 474,764 shares during the period. Finally, Platform Technology Partners boosted its stake in AT&T by 3.4% in the 4th quarter. Platform Technology Partners now owns 19,778 shares of the technology company’s stock worth $337,000 after purchasing an additional 645 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

T traded down $0.17 on Friday, hitting $21.88. 15,103,879 shares of the company’s stock traded hands, compared to its average volume of 35,925,992. AT&T Inc. has a one year low of $14.12 and a one year high of $22.34. 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 firm has a market cap of $156.88 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 3.75 and a beta of 0.59. The company’s 50 day simple moving average is $20.41 and its 200-day simple moving average is $18.63.

AT&T (NYSE:T) last posted its 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 net margin of 10.41% and a return on equity of 14.16%. AT&T’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $0.63 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.07%. AT&T’s dividend payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on T. Daiwa America raised shares of AT&T to a “hold” rating in a report on Friday, July 26th. Moffett Nathanson boosted their target price on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday. Evercore ISI upped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.