AT&T Inc. (NYSE:T) Shares Sold by Maple Capital Management Inc.

Maple Capital Management Inc. reduced its stake in shares of AT&T Inc. (NYSE:T) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,102 shares of the technology company’s stock after selling 1,412 shares during the quarter. Maple Capital Management Inc.’s holdings in AT&T were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of T. Hayek Kallen Investment Management boosted its position in shares of AT&T by 0.8% during the 3rd quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company’s stock valued at $1,326,000 after purchasing an additional 500 shares in the last quarter. Octavia Wealth Advisors LLC boosted its position in shares of AT&T by 2.1% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock valued at $484,000 after purchasing an additional 519 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in shares of AT&T by 2.3% in the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after buying an additional 521 shares during the period. WealthCare Investment Partners LLC boosted its holdings in shares of AT&T by 2.2% in the second quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after buying an additional 525 shares during the period. Finally, Little House Capital LLC boosted its holdings in shares of AT&T by 4.8% in the third quarter. Little House Capital LLC now owns 11,619 shares of the technology company’s stock worth $256,000 after buying an additional 537 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T opened at $21.34 on Tuesday. AT&T Inc. has a twelve month low of $14.74 and a twelve month high of $22.34. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. The firm’s 50 day moving average price is $20.99 and its 200 day moving average price is $19.01. The firm has a market cap of $153.01 billion, a PE ratio of 12.45, a PEG ratio of 3.73 and a beta of 0.60.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.20%. AT&T’s dividend payout ratio is 63.79%.

Analyst Ratings Changes

T has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. JPMorgan Chase & Co. raised their target price on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Evercore ISI raised their target price on shares of AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their target price on shares of AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Finally, Oppenheimer raised their target price on shares of AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.69.

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.