SJS Investment Consulting Inc. Cuts Stock Holdings in AT&T Inc. (NYSE:T)

SJS Investment Consulting Inc. trimmed its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 41.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,920 shares of the technology company’s stock after selling 4,263 shares during the period. SJS Investment Consulting Inc.’s holdings in AT&T were worth $94,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Steward Financial Group LLC raised its stake in shares of AT&T by 159.7% during the first quarter. Steward Financial Group LLC now owns 1,561 shares of the technology company’s stock valued at $30,000 after acquiring an additional 960 shares during the last quarter. Carmel Capital Partners LLC bought a new position in shares of AT&T during the first quarter valued at about $31,000. Grey Fox Wealth Advisors LLC raised its stake in shares of AT&T by 41,000.0% during the first quarter. Grey Fox Wealth Advisors LLC now owns 1,644 shares of the technology company’s stock valued at $32,000 after acquiring an additional 1,640 shares during the last quarter. Sageworth Trust Co bought a new position in shares of AT&T during the first quarter valued at about $32,000. Finally, FWL Investment Management LLC bought a new position in shares of AT&T during the fourth quarter valued at about $31,000. 53.65% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

T traded up $0.09 during trading on Tuesday, hitting $15.18. The company’s stock had a trading volume of 16,044,658 shares, compared to its average volume of 38,892,285. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.10. AT&T Inc. has a one year low of $13.43 and a one year high of $20.50. The firm has a market cap of $108.52 billion, a PE ratio of -12.37, a P/E/G ratio of 1.87 and a beta of 0.64. The business’s 50 day simple moving average is $14.46 and its 200-day simple moving average is $16.33.

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AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $29.92 billion for the quarter, compared to the consensus estimate of $30.07 billion. AT&T had a negative net margin of 7.22% and a positive return on equity of 15.91%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. As a group, sell-side analysts predict that AT&T Inc. will post 2.43 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.11 dividend on an annualized basis and a yield of 7.31%. AT&T’s dividend payout ratio is currently -90.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on T shares. Barclays decreased their price target on shares of AT&T from $18.00 to $17.00 in a research note on Thursday, July 6th. Argus downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. StockNews.com began coverage on shares of AT&T in a research note on Thursday, August 17th. They issued a “hold” rating for the company. JPMorgan Chase & Co. downgraded shares of AT&T from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $17.00 in a research note on Friday, July 14th. Finally, Moffett Nathanson raised shares of AT&T from an “underperform” rating to a “market perform” rating and set a $17.00 target price for the company in a research note on Tuesday, June 6th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.00.

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About AT&T

(Free Report)

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, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.