AT&T Inc. (NYSE:T) Shares Sold by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. lessened its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,215 shares of the technology company's stock after selling 17,039 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in AT&T were worth $551,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of T. Consolidated Planning Corp lifted its holdings in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after buying an additional 21,927 shares during the last quarter. Keystone Financial Group lifted its holdings in 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 buying an additional 143,744 shares during the last quarter. World Investment Advisors lifted its holdings in 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 buying an additional 63,359 shares during the last quarter. Fortress Financial Solutions LLC bought a new position in AT&T during the 4th quarter worth approximately $691,000. Finally, DigitalBridge Group Inc. lifted its holdings in AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after buying an additional 365,776 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 1.4%

Shares of AT&T stock opened at $27.72 on Monday. The business's fifty day moving average price is $27.18 and its two-hundred day moving average price is $24.94. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $199.43 billion, a P/E ratio of 18.60, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the firm posted $0.55 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is presently 68.10%.

Wall Street Analyst Weigh In

T has been the topic of a number of research analyst reports. Wells Fargo & Company increased their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Evercore ISI increased their target price on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Barclays increased their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Citigroup reissued a "buy" rating on shares of AT&T in a report on Monday, April 7th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average target price of $28.71.

About AT&T

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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