Atlas Capital Advisors Inc. lowered its stake in AT&T Inc. (NYSE:T - Free Report) by 14.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,980 shares of the technology company's stock after selling 19,394 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in AT&T were worth $3,365,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $27,000. Hager Investment Management Services LLC raised its holdings in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. Finally, Core Alternative Capital raised its holdings in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after purchasing an additional 568 shares during the last quarter. Institutional investors own 57.10% of the company's stock.
AT&T Stock Performance
Shares of NYSE:T traded up $0.02 on Friday, hitting $28.08. The company had a trading volume of 23,594,470 shares, compared to its average volume of 34,716,284. AT&T Inc. has a 1-year low of $18.97 and a 1-year high of $29.19. The stock has a market cap of $200.78 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 3.48 and a beta of 0.42. The stock has a 50 day moving average price of $27.83 and a 200 day moving average price of $27.04. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. AT&T's dividend payout ratio is 63.07%.
Analyst Upgrades and Downgrades
T has been the topic of a number of recent research reports. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Bank of America assumed coverage on shares of AT&T in a report on Monday, July 7th. They issued a "buy" rating and a $32.00 price objective on the stock. Royal Bank Of Canada upped their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.66.
Check Out Our Latest Report on T
AT&T Company Profile
(
Free Report)
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.
Further Reading

Before you consider AT&T, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&T wasn't on the list.
While AT&T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.