RDA Financial Network Trims Holdings in AT&T Inc. (NYSE:T)

RDA Financial Network cut its holdings in AT&T Inc. (NYSE:T) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,783 shares of the technology company’s stock after selling 1,362 shares during the quarter. RDA Financial Network’s holdings in AT&T were worth $436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in AT&T by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 622,406,459 shares of the technology company’s stock worth $10,443,980,000 after purchasing an additional 2,155,232 shares in the last quarter. Norges Bank bought a new position in AT&T during the 4th quarter valued at about $1,118,288,000. Ameriprise Financial Inc. lifted its stake in AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after acquiring an additional 34,189,954 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in AT&T by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock valued at $848,888,000 after acquiring an additional 798,024 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in AT&T by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 47,377,267 shares of the technology company’s stock valued at $794,978,000 after acquiring an additional 1,137,792 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the topic of several research analyst reports. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Monday, April 29th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $21.54.

AT&T Trading Down 0.1 %

Shares of NYSE T opened at $18.39 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The business’s 50 day moving average price is $17.32 and its 200-day moving average price is $17.11. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.45. The company has a market cap of $131.86 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 3.56 and a beta of 0.60.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, sell-side analysts expect that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.04%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

AT&T Company Profile

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.