Windward Capital Management Co. CA Has $3.08 Million Stock Position in AT&T Inc. (NYSE:T)

Windward Capital Management Co. CA cut its holdings in AT&T Inc. (NYSE:T) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,081 shares of the technology company’s stock after selling 5,170 shares during the quarter. Windward Capital Management Co. CA’s holdings in AT&T were worth $3,078,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC bought a new position in shares of AT&T during the 4th quarter worth about $25,000. Pineridge Advisors LLC bought a new position in AT&T in the fourth quarter worth approximately $25,000. Strategic Financial Concepts LLC boosted its holdings 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 acquiring an additional 91,578 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in AT&T by 356.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,116 shares during the period. Finally, First Pacific Financial increased its holdings in shares of AT&T by 166.7% during the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Up 1.5 %

Shares of T opened at $20.97 on Friday. The firm has a market cap of $150.36 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 3.47 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $14.12 and a fifty-two week high of $21.00. 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 business has a 50-day moving average of $19.31 and a 200 day moving average of $18.01.

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, meeting the consensus estimate of $0.57. The company had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. As a group, research analysts forecast that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

T has been the subject of several research reports. Moffett Nathanson lifted their price target on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Royal Bank of Canada raised their price target on shares of AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Finally, TD Cowen raised their target price on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.