Focus Partners Advisor Solutions LLC Lowers Stake in AT&T Inc. (NYSE:T)

Focus Partners Advisor Solutions LLC reduced its holdings in AT&T Inc. (NYSE:T - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,335 shares of the technology company's stock after selling 63,701 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in AT&T were worth $2,991,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in T. Hennion & Walsh Asset Management Inc. acquired a new stake in AT&T in the 4th quarter valued at about $258,000. Diversify Wealth Management LLC raised its holdings in shares of AT&T by 16.1% during the 4th quarter. Diversify Wealth Management LLC now owns 21,155 shares of the technology company's stock valued at $459,000 after purchasing an additional 2,936 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in AT&T by 24.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 17,124 shares of the technology company's stock worth $390,000 after purchasing an additional 3,384 shares during the period. Pure Financial Advisors LLC increased its stake in shares of AT&T by 11.9% in the fourth quarter. Pure Financial Advisors LLC now owns 22,896 shares of the technology company's stock worth $521,000 after purchasing an additional 2,433 shares during the period. Finally, Ballentine Partners LLC increased its holdings in shares of AT&T by 8.0% during the 4th quarter. Ballentine Partners LLC now owns 89,130 shares of the technology company's stock worth $2,029,000 after purchasing an additional 6,574 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

AT&T stock traded up $0.22 during mid-day trading on Friday, hitting $27.45. The stock had a trading volume of 31,763,115 shares, compared to its average volume of 36,763,597. The firm's 50 day moving average is $27.29 and its 200 day moving average is $25.05. The firm has a market capitalization of $197.50 billion, a P/E ratio of 18.42, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a one year low of $17.11 and a one year high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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 business had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the previous year, the company earned $0.55 EPS. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Evercore ISI lifted their price objective on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Royal Bank of Canada raised their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Company 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.