Capital Square LLC Sells 603 Shares of AT&T Inc. (NYSE:T)

Capital Square LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,996 shares of the technology company’s stock after selling 603 shares during the quarter. Capital Square LLC’s holdings in AT&T were worth $616,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Strategic Financial Concepts LLC lifted its holdings in AT&T by 227.6% during 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 during the period. Riggs Asset Managment Co. Inc. increased its holdings in 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 worth $27,000 after acquiring an additional 1,116 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its stake in 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 worth $29,000 after purchasing an additional 841 shares in the last quarter. American Capital Advisory LLC grew its position in shares of AT&T by 107.5% during 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 in the last quarter. Finally, Altshuler Shaham Ltd bought a new position in shares of AT&T in the second quarter worth $30,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 0.1 %

NYSE T traded down $0.02 during trading on Monday, hitting $23.16. The stock had a trading volume of 4,319,306 shares, compared to its average volume of 35,211,613. The stock has a 50 day simple moving average of $22.02 and a 200 day simple moving average of $19.96. AT&T Inc. has a one year low of $15.94 and a one year high of $23.32. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market capitalization of $166.18 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 3.48 and a beta of 0.59.

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

AT&T Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.79%. AT&T’s payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on T shares. Citigroup increased their price objective on AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $22.00 price target on shares of AT&T in a report on Thursday, October 24th. Barclays increased their target price on shares of AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.