Kooman & Associates Has $260,000 Position in AT&T Inc. (NYSE:T)

Kooman & Associates reduced its position in AT&T Inc. (NYSE:T) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,814 shares of the technology company’s stock after selling 482 shares during the period. Kooman & Associates’ holdings in AT&T were worth $260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of T. Independence Bank of Kentucky raised its holdings in AT&T by 48.4% in the 1st quarter. Independence Bank of Kentucky now owns 6,243 shares of the technology company’s stock valued at $110,000 after acquiring an additional 2,037 shares during the period. Breakwater Capital Group increased its stake in shares of AT&T by 8.7% during the first quarter. Breakwater Capital Group now owns 33,432 shares of the technology company’s stock worth $588,000 after purchasing an additional 2,662 shares during the period. Roberts Wealth Advisors LLC lifted its holdings in AT&T by 6.1% during the 1st quarter. Roberts Wealth Advisors LLC now owns 82,700 shares of the technology company’s stock worth $1,343,000 after purchasing an additional 4,753 shares during the last quarter. Aviance Capital Partners LLC boosted its stake in AT&T by 7.4% in the 1st quarter. Aviance Capital Partners LLC now owns 23,060 shares of the technology company’s stock valued at $406,000 after purchasing an additional 1,595 shares during the period. Finally, Diversified Trust Co grew its holdings in AT&T by 12.5% in the 1st quarter. Diversified Trust Co now owns 147,249 shares of the technology company’s stock valued at $2,592,000 after buying an additional 16,355 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock opened at $21.83 on Friday. AT&T Inc. has a fifty-two week low of $14.74 and a fifty-two week high of $22.58. The firm’s fifty day moving average price is $21.20 and its 200-day moving average price is $19.13. The stock has a market cap of $156.52 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 3.67 and a beta of 0.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the business earned $0.64 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Thursday, October 10th. AT&T’s payout ratio is 59.68%.

Analysts Set New Price Targets

T has been the subject of several analyst reports. Tigress Financial lifted their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays boosted their price target on AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday. Daiwa America upgraded AT&T to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company dropped their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Citigroup increased their target price on AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.40.

About AT&T

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.