AT&T Inc. (NYSE:T) Holdings Trimmed by GTS Securities LLC

GTS Securities LLC lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 92.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,128 shares of the technology company's stock after selling 603,733 shares during the quarter. GTS Securities LLC's holdings in AT&T were worth $1,119,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Consolidated Planning Corp raised its holdings in shares of AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after purchasing an additional 21,927 shares in the last quarter. Keystone Financial Group boosted its stake in shares of AT&T by 196.3% during the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after acquiring an additional 143,744 shares in the last quarter. World Investment Advisors boosted its stake in shares of AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after acquiring an additional 63,359 shares in the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of AT&T during the 4th quarter worth $691,000. Finally, DigitalBridge Group Inc. raised its holdings in shares of AT&T by 14.6% during 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. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

T opened at $27.45 on Friday. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The company has a market cap of $197.50 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a 50-day moving average of $27.30 and a 200-day moving average of $25.11.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Analyst Ratings Changes

A number of research firms recently commented on T. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. TD Securities increased their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Tigress Financial upped their price target on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Barclays raised their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

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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