Strs Ohio Sells 167,159 Shares of AT&T Inc. $T

Strs Ohio lowered its holdings in shares of AT&T Inc. (NYSE:T) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,079,645 shares of the technology company’s stock after selling 167,159 shares during the quarter. Strs Ohio’s holdings in AT&T were worth $58,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in T. Front Row Advisors LLC bought a new stake in shares of AT&T in the 2nd quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. boosted its stake in shares of AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares during the period. Solstein Capital LLC raised its holdings in shares of AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares during the period. Kennebec Savings Bank boosted its stake in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Finally, Curio Wealth LLC grew its holdings in shares of AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. Morgan Stanley reduced their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Wells Fargo & Company cut their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. KeyCorp reiterated an “overweight” rating on shares of AT&T in a report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Finally, Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $29.75.

AT&T Trading Up 0.4%

AT&T stock opened at $23.59 on Friday. The firm has a market cap of $167.24 billion, a PE ratio of 7.66, a P/E/G ratio of 1.28 and a beta of 0.39. AT&T Inc. has a 12 month low of $22.22 and a 12 month high of $29.79. The stock’s 50 day simple moving average is $24.66 and its two-hundred day simple moving average is $26.48. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. AT&T’s dividend payout ratio is presently 36.04%.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.