Stratos Wealth Advisors LLC Has $1.43 Million Stake in AT&T Inc. (NYSE:T)

Stratos Wealth Advisors LLC decreased its position in AT&T Inc. (NYSE:T - Free Report) by 16.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in AT&T by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC grew its holdings in AT&T by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after acquiring an additional 2,640,644 shares during the period. GQG Partners LLC grew its holdings in AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. Norges Bank purchased a new position in AT&T in the 4th quarter worth about $1,858,418,000. Finally, Northern Trust Corp increased its stake in AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after purchasing an additional 10,945,679 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

AT&T stock traded down $0.18 on Wednesday, reaching $28.11. The company's stock had a trading volume of 34,408,206 shares, compared to its average volume of 36,439,417. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The company has a market cap of $202.27 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 4.67 and a beta of 0.42. The business's fifty day moving average price is $27.83 and its 200 day moving average price is $26.23. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.19.

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 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period in the prior year, the firm posted $0.55 EPS. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays lifted their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. UBS Group restated a "buy" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a report on Wednesday, June 18th. Finally, Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AT&T has an average rating of "Moderate Buy" and a consensus price target of $29.05.

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.