Windward Capital Management Co. CA Has $3.08 Million Stock Position in AT&T Inc. (NYSE:T)

Windward Capital Management Co. CA lessened its holdings in shares of AT&T Inc. (NYSE:T) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,081 shares of the technology company’s stock after selling 5,170 shares during the quarter. Windward Capital Management Co. CA’s holdings in AT&T were worth $3,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Dedication LLC increased its holdings in shares of AT&T by 14.7% during the second quarter. Asset Dedication LLC now owns 71,236 shares of the technology company’s stock worth $1,361,000 after purchasing an additional 9,147 shares during the period. Chris Bulman Inc bought a new position in AT&T during the 2nd quarter worth $131,000. Strategic Financial Concepts LLC raised its holdings in AT&T by 227.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock valued at $25,000 after acquiring an additional 91,578 shares in the last quarter. Letko Brosseau & Associates Inc. lifted its position in shares of AT&T by 1.9% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 4,406,910 shares of the technology company’s stock valued at $84,216,000 after acquiring an additional 81,525 shares during the period. Finally, Mosley Wealth Management grew its holdings in shares of AT&T by 11.1% during the 2nd quarter. Mosley Wealth Management now owns 20,863 shares of the technology company’s stock worth $399,000 after purchasing an additional 2,082 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Daiwa America raised shares of AT&T to a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group began coverage on shares of AT&T in a research report on Monday, July 1st. They set a “buy” rating and a $22.00 price target on the stock. Moffett Nathanson upped their target price on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Oppenheimer lifted their price target on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.06.

AT&T Stock Performance

Shares of AT&T stock opened at $20.97 on Friday. The stock has a market cap of $150.36 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 3.47 and a beta of 0.59. AT&T Inc. has a twelve month low of $14.12 and a twelve month high of $21.00. The company’s fifty day moving average is $19.31 and its 200 day moving average is $18.01. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.29%. AT&T’s payout ratio is 59.68%.

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.