Symphony Financial Ltd. Co. Has $1.46 Million Stock Position in AT&T Inc. (NYSE:T)

Symphony Financial Ltd. Co. lowered its stake in AT&T Inc. (NYSE:T - Free Report) by 47.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 55,290 shares of the technology company's stock after selling 48,943 shares during the period. Symphony Financial Ltd. Co.'s holdings in AT&T were worth $1,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after buying an additional 10,188 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in AT&T by 1.0% in the fourth quarter. Wealthspire Advisors LLC now owns 110,180 shares of the technology company's stock valued at $2,509,000 after acquiring an additional 1,130 shares during the period. MONECO Advisors LLC grew its holdings in shares of AT&T by 46.0% during the fourth quarter. MONECO Advisors LLC now owns 64,407 shares of the technology company's stock valued at $1,467,000 after purchasing an additional 20,285 shares during the last quarter. World Equity Group Inc. grew its holdings in shares of AT&T by 11.3% during the fourth quarter. World Equity Group Inc. now owns 11,525 shares of the technology company's stock valued at $262,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of AT&T during the 4th quarter worth approximately $1,639,000. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE T traded up $0.08 during trading on Friday, hitting $28.08. The company had a trading volume of 37,331,600 shares, compared to its average volume of 36,487,185. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.03. The business's 50-day moving average is $27.61 and its 200 day moving average is $25.91. The company has a market cap of $202.02 billion, a P/E ratio of 17.22, a PEG ratio of 3.96 and a beta of 0.41. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70.

AT&T (NYSE:T - Get Free Report) last announced its 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 return on equity of 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period last year, the firm earned $0.55 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.95%. AT&T's payout ratio is presently 68.10%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Williams Trading set a $30.00 price objective on AT&T in a research report on Thursday, April 24th. Barclays boosted their price target on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. Finally, Wells Fargo & Company upped their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.76.

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.