Carrera Capital Advisors Has $231,000 Holdings in AT&T Inc. (NYSE:T)

Carrera Capital Advisors lowered its holdings in shares of AT&T Inc. (NYSE:T) by 8.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,492 shares of the technology company’s stock after selling 1,022 shares during the period. Carrera Capital Advisors’ holdings in AT&T were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Davidson Kempner Capital Management LP bought a new position in AT&T during the 2nd quarter worth approximately $23,888,000. Talbot Financial LLC bought a new position in AT&T during the third quarter worth $7,438,000. Mackenzie Financial Corp lifted its holdings in AT&T by 12.2% in the second quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock valued at $50,486,000 after buying an additional 288,093 shares during the period. DRW Securities LLC boosted its position in AT&T by 642.2% during the second quarter. DRW Securities LLC now owns 104,309 shares of the technology company’s stock valued at $1,997,000 after acquiring an additional 90,255 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of AT&T by 7.2% in the 3rd quarter. Van ECK Associates Corp now owns 396,958 shares of the technology company’s stock worth $8,928,000 after acquiring an additional 26,706 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock traded down $0.39 during trading on Tuesday, hitting $21.92. The company’s stock had a trading volume of 12,042,327 shares, compared to its average volume of 35,462,895. The business has a fifty day moving average of $21.75 and a 200-day moving average of $19.60. The company has a market cap of $157.28 billion, a PE ratio of 17.81, a P/E/G ratio of 3.35 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.51 and a 52 week high of $22.73. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. As a group, research analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on T shares. Citigroup raised their target price on AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Scotiabank lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research note on Monday, September 16th. Wells Fargo & Company dropped their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Finally, Barclays raised their target price on AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. One research 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’s stock. Based on data from MarketBeat.com, AT&T currently 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.