AT&T Inc. (NYSE:T) Shares Sold by Sunflower Bank NA Wealth Management

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Sunflower Bank NA Wealth Management decreased its stake in shares of AT&T Inc. (NYSE:T) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,736 shares of the technology company’s stock after selling 2,625 shares during the period. Sunflower Bank NA Wealth Management’s holdings in AT&T were worth $933,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of T. Jaffetilchin Investment Partners LLC increased its position in AT&T by 10.4% during the second quarter. Jaffetilchin Investment Partners LLC now owns 13,206 shares of the technology company’s stock worth $37,000 after purchasing an additional 1,248 shares during the last quarter. Cerebellum GP LLC purchased a new stake in AT&T during the third quarter worth approximately $62,000. NWK Group Inc. purchased a new stake in AT&T during the second quarter worth approximately $65,000. JJJ Advisors Inc. grew its stake in AT&T by 212.3% during the second quarter. JJJ Advisors Inc. now owns 2,217 shares of the technology company’s stock worth $67,000 after buying an additional 1,507 shares during the period. Finally, Provident Wealth Management LLC purchased a new stake in AT&T during the third quarter worth approximately $70,000. 52.29% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:T traded down $0.46 on Friday, reaching $27.82. 42,630,544 shares of the company’s stock were exchanged, compared to its average volume of 36,971,128. The firm has a market capitalization of $198.22 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.52 and a beta of 0.69. AT&T Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $39.70. The business’s 50-day moving average is $28.47 and its two-hundred day moving average is $29.69. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.79.

AT&T (NYSE:T) last issued its earnings results on Thursday, October 22nd. The technology company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The business had revenue of $42.43 billion for the quarter, compared to analyst estimates of $41.66 billion. AT&T had a return on equity of 13.03% and a net margin of 6.84%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the company posted $0.94 earnings per share. Analysts predict that AT&T Inc. will post 3.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a $0.52 dividend. The ex-dividend date is Thursday, October 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.48%. AT&T’s dividend payout ratio (DPR) is presently 58.26%.

T has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of AT&T from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of AT&T from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Royal Bank of Canada boosted their price objective on shares of AT&T from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Barclays initiated coverage on shares of AT&T in a research note on Friday, October 2nd. They issued an “overweight” rating for the company. Finally, Wolfe Research initiated coverage on shares of AT&T in a research note on Monday, October 19th. They issued a “peer perform” rating and a $31.00 target price for the company. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.38.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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