Atria Investments Inc lowered its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 10.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 542,361 shares of the technology company's stock after selling 61,207 shares during the period. Atria Investments Inc's holdings in AT&T were worth $15,338,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Keystone Financial Group increased its stake in AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock valued at $5,322,000 after acquiring an additional 143,744 shares during the period. Capstone Wealth Management LLC bought a new stake in AT&T in the first quarter valued at about $201,000. World Investment Advisors increased its stake in AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after acquiring an additional 63,359 shares during the period. DigitalBridge Group Inc. increased its stake in AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after acquiring an additional 365,776 shares during the period. Finally, Huber Capital Management LLC increased its stake in AT&T by 2.7% in the fourth quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock valued at $13,161,000 after acquiring an additional 15,000 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Trading Up 0.6%
T traded up $0.16 during mid-day trading on Thursday, hitting $27.91. The stock had a trading volume of 47,310,769 shares, compared to its average volume of 31,138,704. The stock's fifty day simple moving average is $27.80 and its 200-day simple moving average is $26.58. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.65. The firm has a market capitalization of $200.81 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. AT&T Inc. has a 1-year low of $18.64 and a 1-year high of $29.19.
AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.98%. AT&T's dividend payout ratio (DPR) is presently 68.10%.
Wall Street Analyst Weigh In
T has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Bank of America began coverage on shares of AT&T in a research note on Monday, July 7th. They issued a "buy" rating and a $32.00 target price on the stock. Royal Bank Of Canada upped their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. TD Securities upped their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.37.
View Our Latest Stock Analysis on AT&T
About AT&T
(
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.
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