Lloyd Advisory Services LLC. Trims Position in AT&T Inc. (NYSE:T)

Lloyd Advisory Services LLC. decreased its position in shares of AT&T Inc. (NYSE:T) by 77.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 23,862 shares of the technology company’s stock after selling 80,003 shares during the period. Lloyd Advisory Services LLC.’s holdings in AT&T were worth $456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of T. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in AT&T during the fourth quarter worth approximately $11,554,000. Clearbridge Investments LLC raised its stake in AT&T by 250.3% during the fourth quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 48,091 shares during the period. Skopos Labs Inc. purchased a new position in shares of AT&T in the 4th quarter valued at $839,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of AT&T by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock valued at $19,827,000 after acquiring an additional 43,062 shares during the period. Finally, M&G Plc purchased a new position in shares of AT&T in the 1st quarter valued at $9,074,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T stock opened at $20.99 on Friday. The firm has a market cap of $150.47 billion, a P/E ratio of 11.28, a P/E/G ratio of 3.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. AT&T Inc. has a 1-year low of $14.12 and a 1-year high of $21.00. The firm has a fifty day moving average of $19.31 and a two-hundred day moving average of $18.00.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same period last year, the firm posted $0.63 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a $0.2775 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.29%. AT&T’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group reissued a “buy” rating and issued a $24.00 target price on shares of AT&T in a research note on Tuesday, June 18th. The Goldman Sachs Group initiated coverage on shares of AT&T in a research note on Monday, July 1st. They issued a “buy” rating and a $22.00 target price on the stock. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Oppenheimer raised their price target on shares of AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Barclays raised their price target on shares of AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $22.06.

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.