AT&T Inc. (NYSE:T) Shares Sold by Aviso Wealth Management

Aviso Wealth Management cut its position in AT&T Inc. (NYSE:T) by 13.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,404 shares of the technology company’s stock after selling 1,865 shares during the quarter. Aviso Wealth Management’s holdings in AT&T were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in T. Driehaus Capital Management LLC purchased a new position in AT&T during the 2nd quarter worth $237,000. MidWestOne Financial Group Inc. grew its holdings in shares of AT&T by 1.6% during the second quarter. MidWestOne Financial Group Inc. now owns 225,683 shares of the technology company’s stock worth $4,313,000 after buying an additional 3,536 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in shares of AT&T during the second quarter worth about $208,000. Oliver Lagore Vanvalin Investment Group increased its position in AT&T by 29.2% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 5,117 shares of the technology company’s stock valued at $98,000 after acquiring an additional 1,155 shares during the period. Finally, Beaird Harris Wealth Management LLC raised its stake in AT&T by 3.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 36,178 shares of the technology company’s stock valued at $691,000 after acquiring an additional 1,306 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Tigress Financial boosted their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. 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. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.38.

AT&T Stock Performance

Shares of T stock opened at $21.90 on Friday. The stock has a fifty day moving average price of $20.15 and a 200 day moving average price of $18.50. 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 has a market cap of $157.03 billion, a PE ratio of 11.77, a P/E/G ratio of 3.68 and a beta of 0.59. AT&T Inc. has a 1 year low of $14.12 and a 1 year high of $22.34.

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. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. During the same period last year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Sell-side analysts forecast that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

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.