Sentry Investment Management LLC Has $205,000 Position in AT&T Inc. (NYSE:T)

Sentry Investment Management LLC cut its holdings in shares of AT&T Inc. (NYSE:T) by 72.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,316 shares of the technology company’s stock after selling 25,099 shares during the period. Sentry Investment Management LLC’s holdings in AT&T were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in T. Central Pacific Bank Trust Division acquired a new stake in shares of AT&T during the 1st quarter worth approximately $165,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in AT&T by 51.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 198,102 shares of the technology company’s stock valued at $3,487,000 after purchasing an additional 67,142 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of AT&T by 10.3% during the first quarter. Rehmann Capital Advisory Group now owns 44,267 shares of the technology company’s stock valued at $779,000 after purchasing an additional 4,121 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of AT&T by 72.1% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 33,441 shares of the technology company’s stock worth $589,000 after purchasing an additional 14,005 shares in the last quarter. Finally, Callan Capital LLC acquired a new stake in shares of AT&T in the 1st quarter valued at about $238,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 0.9 %

T stock opened at $21.92 on Tuesday. The stock has a fifty day moving average of $21.51 and a 200-day moving average of $19.40. AT&T Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $22.73. The company has a market capitalization of $157.28 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 3.32 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter last year, the business earned $0.64 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts predict that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.06%. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Daiwa America raised AT&T to a “hold” rating in a research note on Friday, July 26th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Oppenheimer increased their target price on AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup lifted their price target on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company lowered their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $23.40.

AT&T Company 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.