Vista Investment Partners LLC Sells 1,567 Shares of AT&T Inc. (NYSE:T)

Vista Investment Partners LLC decreased its position in AT&T Inc. (NYSE:T) by 1.6% during the second quarter, HoldingsChannel.com reports. The firm owned 96,008 shares of the technology company’s stock after selling 1,567 shares during the quarter. Vista Investment Partners LLC’s holdings in AT&T were worth $1,835,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of T. Frank Rimerman Advisors LLC bought a new position in AT&T during the 4th quarter valued at about $25,000. Pineridge Advisors LLC purchased a new stake in AT&T in the fourth quarter worth approximately $25,000. First Pacific Financial grew its position in AT&T by 166.7% in the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of AT&T by 176.6% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company’s stock valued at $35,000 after buying an additional 1,192 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new position in shares of AT&T in the 4th quarter worth $39,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. UBS Group reiterated a “buy” rating and set a $24.00 price target on shares of AT&T in a research note on Tuesday, June 18th. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

AT&T Price Performance

NYSE:T traded up $0.25 during trading hours on Friday, reaching $19.34. The stock had a trading volume of 24,724,429 shares, compared to its average volume of 37,142,744. The company has a 50 day moving average price of $18.78 and a two-hundred day moving average price of $17.73. AT&T Inc. has a 52 week low of $13.92 and a 52 week high of $19.99. 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 capitalization of $138.67 billion, a PE ratio of 10.40, a PEG ratio of 3.31 and a beta of 0.58.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS 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 business had revenue of $29.80 billion during the quarter, compared to analyst estimates of $30.05 billion. During the same quarter last year, the business earned $0.63 earnings per share. AT&T’s quarterly revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.74%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

About AT&T

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.