AT&T Inc. (NYSE:T) Stock Position Trimmed by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. cut its position in AT&T Inc. (NYSE:T) by 77.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,862 shares of the technology company’s stock after selling 80,003 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in AT&T were worth $456,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its position in AT&T by 356.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,116 shares during the last quarter. Pineridge Advisors LLC bought a new stake in AT&T in the 4th quarter valued at about $25,000. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T during the 4th quarter worth about $25,000. American Capital Advisory LLC raised its position in shares of AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after buying an additional 807 shares in the last quarter. Finally, First Pacific Financial raised its position in shares of AT&T by 166.7% during the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after buying an additional 1,000 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T opened at $20.99 on Friday. The company’s 50 day moving average price is $19.31 and its 200 day moving average price is $18.00. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $21.00. The company has a market capitalization of $150.47 billion, a PE ratio of 11.28, a PEG ratio of 3.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. Research analysts expect that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Wednesday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on T shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. TD Cowen lifted their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Oppenheimer lifted their target price on shares of AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Scotiabank downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

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.