Hantz Financial Services Inc. Has $6.50 Million Holdings in AT&T Inc. (NYSE:T)

Hantz Financial Services Inc. cut its stake in AT&T Inc. (NYSE:T) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 295,598 shares of the technology company’s stock after selling 6,950 shares during the period. Hantz Financial Services Inc.’s holdings in AT&T were worth $6,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its stake in shares of AT&T by 4.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,402,421 shares of the technology company’s stock worth $42,157,000 after buying an additional 94,566 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of AT&T by 493.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 123,987 shares of the technology company’s stock worth $2,182,000 after buying an additional 103,102 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of AT&T by 59.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 16,930 shares of the technology company’s stock worth $286,000 after buying an additional 6,327 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of AT&T during the 1st quarter worth about $207,000. Finally, Transcend Capital Advisors LLC boosted its stake in shares of AT&T by 4.3% during the 2nd quarter. Transcend Capital Advisors LLC now owns 42,008 shares of the technology company’s stock worth $803,000 after buying an additional 1,733 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on T shares. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Citigroup raised their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. Scotiabank downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $22.00 target price on shares of AT&T in a research note on Thursday, October 24th. Finally, Oppenheimer raised their target price on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $23.53.

AT&T Stock Down 0.5 %

AT&T stock opened at $23.16 on Friday. The stock has a market cap of $166.18 billion, a P/E ratio of 18.83, a P/E/G ratio of 3.49 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $23.38. The company’s 50-day moving average price is $22.17 and its two-hundred day moving average price is $20.13.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.79%. AT&T’s dividend payout ratio is presently 90.24%.

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.