Strategic Investment Solutions Inc. IL Has $183,000 Stake in AT&T Inc. (NYSE:T)

Strategic Investment Solutions Inc. IL trimmed its position in AT&T Inc. (NYSE:T) by 31.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,331 shares of the technology company’s stock after selling 3,793 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in AT&T were worth $183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of T. Riggs Asset Managment Co. Inc. boosted its stake in shares of AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after buying an additional 1,116 shares during the last quarter. American Capital Advisory LLC increased its position in shares of 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 last quarter. Altshuler Shaham Ltd acquired a new stake in shares of AT&T in the second quarter valued at about $30,000. Marquette Asset Management LLC acquired a new stake in shares of AT&T in the third quarter valued at about $36,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of AT&T by 176.6% in the second 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 during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of NYSE:T remained flat at $22.20 during trading on Friday. The stock had a trading volume of 5,233,527 shares, compared to its average volume of 35,613,535. AT&T Inc. has a 12 month low of $14.74 and a 12 month high of $22.58. The company has a market cap of $159.18 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 3.67 and a beta of 0.60. The company’s 50 day moving average is $21.09 and its 200-day moving average is $19.06. 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 quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. AT&T’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, sell-side analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.00%. The ex-dividend date is Thursday, October 10th. AT&T’s payout ratio is 63.79%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on T shares. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. TD Cowen lifted their target price on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Daiwa America raised AT&T to a “hold” rating in a research report on Friday, July 26th. The Goldman Sachs Group started coverage on AT&T in a report on Monday, July 1st. They set a “buy” rating and a $22.00 price target for the company. Finally, Redburn Atlantic upgraded AT&T to a “strong sell” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

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.