Courier Capital LLC Has $1.15 Million Stake in AT&T Inc. (NYSE:T)

Courier Capital LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 4.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,097 shares of the technology company’s stock after selling 2,712 shares during the period. Courier Capital LLC’s holdings in AT&T were worth $1,146,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors L.P. boosted its stake in shares of AT&T by 1.6% in the 3rd quarter. Natixis Advisors L.P. now owns 740,864 shares of the technology company’s stock valued at $11,128,000 after purchasing an additional 11,844 shares in the last quarter. Private Advisory Group LLC boosted its stake in shares of AT&T by 3.8% in the 3rd quarter. Private Advisory Group LLC now owns 58,448 shares of the technology company’s stock valued at $878,000 after purchasing an additional 2,157 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of AT&T by 3.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 386,396 shares of the technology company’s stock valued at $5,804,000 after purchasing an additional 13,523 shares in the last quarter. Morningstar Investment Services LLC acquired a new stake in AT&T during the 3rd quarter worth approximately $241,000. Finally, Cape Cod Five Cents Savings Bank boosted its position in AT&T by 57.0% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 71,548 shares of the technology company’s stock worth $1,075,000 after buying an additional 25,963 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE:T opened at $19.13 on Friday. The company has a fifty day moving average of $17.57 and a 200-day moving average of $17.17. The firm has a market capitalization of $137.17 billion, a P/E ratio of 10.28, a P/E/G ratio of 4.26 and a beta of 0.60. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.13.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Wednesday, July 10th. AT&T’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $21.00 target price on shares of AT&T in a research report on Tuesday. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.71.

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.