AT&T Inc. (NYSE:T) Shares Sold by All Terrain Financial Advisors LLC

All Terrain Financial Advisors LLC lowered its holdings in AT&T Inc. (NYSE:T) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,042 shares of the technology company’s stock after selling 1,403 shares during the period. AT&T comprises about 0.8% of All Terrain Financial Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. All Terrain Financial Advisors LLC’s holdings in AT&T were worth $2,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC grew its position in AT&T by 227.6% in the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after buying an additional 91,578 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in shares of AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after buying an additional 1,116 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. American Capital Advisory LLC lifted its stake in shares of AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after purchasing an additional 807 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in shares of AT&T in the 2nd quarter valued at $30,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T stock traded down $0.14 during trading hours on Tuesday, reaching $22.96. The stock had a trading volume of 3,822,617 shares, compared to its average volume of 35,333,691. The stock has a market capitalization of $164.74 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 3.48 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a 50-day simple moving average of $22.04 and a 200 day simple moving average of $20.00. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $23.32.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. AT&T’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. Analysts predict that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s dividend payout ratio is presently 90.24%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 target price on shares of AT&T in a research report on Thursday, October 24th. Oppenheimer upped their target price on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Citigroup upped their target price on shares of AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Barclays upped their target price on shares of AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.40.

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.