AT&T Inc. (NYSE:T) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. reduced its stake in AT&T Inc. (NYSE:T) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,652 shares of the technology company’s stock after selling 530 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in AT&T were worth $1,576,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its stake 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 purchasing an additional 1,116 shares in the last quarter. American Capital Advisory LLC raised its holdings in shares of AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after buying an additional 807 shares during the period. Altshuler Shaham Ltd acquired a new position in AT&T during the 2nd quarter worth about $30,000. Marquette Asset Management LLC purchased a new position in AT&T during the 3rd quarter valued at about $36,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in AT&T by 176.6% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,192 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on T shares. Moffett Nathanson increased their price target on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Tigress Financial raised their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Citigroup boosted their price target on shares of AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group began coverage on AT&T in a research note on Monday, July 1st. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, Daiwa America raised AT&T to a “hold” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.69.

AT&T Trading Down 0.5 %

Shares of AT&T stock opened at $21.26 on Tuesday. 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 fifty day simple moving average of $20.76 and a 200-day simple moving average of $18.86. The stock has a market cap of $152.44 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 3.62 and a beta of 0.60. AT&T Inc. has a 12-month low of $14.23 and a 12-month high of $22.34.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. AT&T’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is 59.68%.

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.