Cetera Investment Advisers Decreases Holdings in AT&T Inc. (NYSE:T)

Cetera Investment Advisers reduced its position in AT&T Inc. (NYSE:T - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,718,425 shares of the technology company's stock after selling 67,069 shares during the period. Cetera Investment Advisers' holdings in AT&T were worth $61,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of T. Marshall Investment Management LLC bought a new position in AT&T in the 4th quarter worth $28,000. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the period. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter worth about $30,000. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the 4th quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of AT&T during the 4th quarter valued at approximately $35,000. Institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on T. Tigress Financial upped their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Barclays upped their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Evercore ISI raised their price target on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Wells Fargo & Company upped their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Scotiabank reissued an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

Shares of AT&T stock opened at $28.22 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock's fifty day moving average is $27.11 and its two-hundred day moving average is $24.63. AT&T Inc. has a 52 week low of $17.00 and a 52 week high of $29.03. The company has a market capitalization of $203.04 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.93%. AT&T's payout ratio is currently 68.10%.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

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