Leelyn Smith LLC Has $482,000 Stock Holdings in AT&T Inc. (NYSE:T)

Leelyn Smith LLC lowered its stake in AT&T Inc. (NYSE:T) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,210 shares of the technology company’s stock after selling 3,058 shares during the quarter. Leelyn Smith LLC’s holdings in AT&T were worth $482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new stake in AT&T in the fourth quarter valued at approximately $25,000. Pineridge Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at $25,000. Strategic Financial Concepts LLC raised its stake in AT&T by 227.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after buying an additional 91,578 shares during the period. Riggs Asset Managment Co. Inc. lifted its holdings in AT&T by 356.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,116 shares in the last quarter. Finally, American Capital Advisory LLC grew its stake in AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after acquiring an additional 807 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of NYSE T opened at $21.64 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $155.13 billion, a P/E ratio of 11.63, a P/E/G ratio of 3.65 and a beta of 0.59. AT&T Inc. has a 12 month low of $14.12 and a 12 month high of $21.86. The stock has a 50 day moving average of $19.59 and a 200-day moving average of $18.17.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. As a group, equities research analysts predict that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.13%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on T shares. Daiwa America upgraded AT&T to a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group initiated coverage on shares of AT&T in a research report on Monday, July 1st. They set a “buy” rating and a $22.00 price objective for the company. Evercore ISI boosted their price objective on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, July 25th. UBS Group reissued a “buy” rating and issued a $24.00 price target on shares of AT&T in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. upped their price objective on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.31.

AT&T 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.