Vigilant Capital Management LLC Decreases Holdings in AT&T Inc. (T)

Vigilant Capital Management LLC decreased its position in AT&T Inc. (NYSE:T) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,783 shares of the technology company’s stock after selling 150 shares during the quarter. Vigilant Capital Management LLC’s holdings in AT&T were worth $294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ullmann Financial Group Inc. purchased a new stake in shares of AT&T in the first quarter worth $101,000. Feltz Wealth PLAN Inc. purchased a new stake in shares of AT&T in the first quarter worth $104,000. Taylor Wealth Management Partners grew its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after acquiring an additional 11 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of AT&T in the first quarter worth $109,000. Finally, Sterling Investment Advisors Ltd. grew its stake in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,024 shares during the last quarter. Institutional investors and hedge funds own 54.98% of the company’s stock.

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AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.47%. AT&T’s dividend payout ratio is currently 92.45%.

T has been the topic of a number of recent research reports. Barclays PLC cut their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, July 14th. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a research note on Thursday. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price on the stock. in a research note on Tuesday, September 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 target price on shares of AT&T in a research note on Sunday, July 9th. Finally, Bank of America Corporation cut AT&T from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $39.00 in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have issued a buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average price target of $43.53.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

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