Capital Management Corp VA Sells 5,577 Shares of AT&T Inc. (NYSE:T)

Capital Management Corp VA lowered its holdings in shares of AT&T Inc. (NYSE:TGet Rating) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 241,612 shares of the technology company’s stock after selling 5,577 shares during the period. Capital Management Corp VA’s holdings in AT&T were worth $5,944,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in AT&T by 2.3% during the third quarter. BlackRock Inc. now owns 520,767,902 shares of the technology company’s stock worth $14,065,940,000 after purchasing an additional 11,916,885 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AT&T by 1.9% during the third quarter. Geode Capital Management LLC now owns 121,305,729 shares of the technology company’s stock worth $3,267,660,000 after acquiring an additional 2,238,750 shares during the period. Invesco Ltd. boosted its holdings in shares of AT&T by 7.9% during the third quarter. Invesco Ltd. now owns 41,048,270 shares of the technology company’s stock worth $1,108,714,000 after acquiring an additional 3,005,913 shares during the period. Capital World Investors boosted its holdings in shares of AT&T by 5.2% during the third quarter. Capital World Investors now owns 40,200,127 shares of the technology company’s stock worth $1,085,805,000 after acquiring an additional 1,982,935 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of AT&T by 0.3% during the third quarter. California Public Employees Retirement System now owns 27,770,786 shares of the technology company’s stock worth $750,089,000 after acquiring an additional 89,123 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

Shares of AT&T stock traded down $0.56 on Friday, hitting $18.86. 70,195,438 shares of the company traded hands, compared to its average volume of 59,050,380. The firm’s 50-day simple moving average is $22.33 and its 200 day simple moving average is $23.94. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97. The company has a market cap of $134.71 billion, a P/E ratio of 7.96, a P/E/G ratio of 2.10 and a beta of 0.68. AT&T Inc. has a 12-month low of $16.62 and a 12-month high of $25.57.

AT&T (NYSE:TGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.16. AT&T had a return on equity of 13.19% and a net margin of 10.64%. The firm had revenue of $38.10 billion for the quarter, compared to analysts’ expectations of $38.29 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. Analysts predict that AT&T Inc. will post 2.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th will be given a $0.278 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date is Wednesday, April 13th. AT&T’s dividend payout ratio (DPR) is 46.84%.

T has been the subject of a number of research analyst reports. UBS Group reduced their price objective on AT&T from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, January 27th. Raymond James dropped their price target on shares of AT&T from $32.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, April 12th. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $34.00 to $22.00 in a research report on Monday, April 11th. Cowen dropped their price target on shares of AT&T from $33.00 to $29.00 and set a “market perform” rating for the company in a research report on Thursday, January 27th. Finally, Citigroup dropped their price target on shares of AT&T from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.73.

AT&T Profile (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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