Stratos Wealth Advisors LLC lowered its position in AT&T Inc. (NYSE:T - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,660 shares of the technology company's stock after selling 10,296 shares during the quarter. Stratos Wealth Advisors LLC's holdings in AT&T were worth $1,433,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Next Level Private LLC boosted its position in AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after buying an additional 379 shares during the period. Carolinas Wealth Consulting LLC raised its stake in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after acquiring an additional 384 shares during the last quarter. Kozak & Associates Inc. raised its stake in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after acquiring an additional 398 shares during the last quarter. Silver Oak Securities Incorporated raised its stake in AT&T by 0.3% in the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after buying an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC raised its stake in AT&T by 4.1% in the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after buying an additional 399 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on T. Royal Bank Of Canada increased their price target 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. Oppenheimer increased their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Tigress Financial increased their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Wells Fargo & Company raised 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. Finally, Evercore ISI raised their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $29.12.
Read Our Latest Report on T
AT&T Price Performance
Shares of T stock traded down $0.65 on Friday, hitting $26.97. 42,400,401 shares of the stock traded hands, compared to its average volume of 36,465,219. The firm has a market cap of $194.07 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.51 and a beta of 0.42. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.19. The firm has a 50 day simple moving average of $27.84 and a two-hundred day simple moving average of $26.27. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.12%. AT&T's payout ratio is 68.10%.
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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