AT&T Inc. (NYSE:T) Shares Sold by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. lessened its stake in shares of AT&T Inc. (NYSE:T) by 1.8% in the 1st quarter, Holdings Channel reports. The firm owned 159,560 shares of the technology company’s stock after selling 2,845 shares during the period. AT&T accounts for 0.9% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 25th largest holding. Financial Sense Advisors Inc.’s holdings in AT&T were worth $2,808,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of T. Adage Capital Partners GP L.L.C. raised its holdings in AT&T by 12.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 7,107,839 shares of the technology company’s stock valued at $106,760,000 after acquiring an additional 785,100 shares during the last quarter. Lido Advisors LLC grew its stake in shares of AT&T by 3.4% in the 3rd quarter. Lido Advisors LLC now owns 313,247 shares of the technology company’s stock valued at $4,705,000 after buying an additional 10,287 shares during the period. Legacy Advisors LLC purchased a new stake in shares of AT&T in the 3rd quarter valued at approximately $421,000. Lakeshore Financial Planning Inc. purchased a new stake in shares of AT&T in the 3rd quarter valued at approximately $186,000. Finally, LaSalle St. Investment Advisors LLC grew its stake in shares of AT&T by 28.6% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 14,324 shares of the technology company’s stock valued at $215,000 after buying an additional 3,183 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $18.67 on Thursday. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.32. The firm’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $17.21. The firm has a market capitalization of $133.87 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 4.27 and a beta of 0.58. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same period last year, the business earned $0.60 EPS. The company’s revenue was down .4% on a year-over-year basis. Equities analysts forecast that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.95%. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several research firms have recently weighed in on T. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research note on Monday, April 29th. Oppenheimer reissued an “outperform” rating and issued a $21.00 price target on shares of AT&T in a research note on Tuesday, June 25th. UBS Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of AT&T in a research report on Tuesday, June 18th. Finally, StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.73.

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.