AT&T Inc. (NYSE:T) Shares Sold by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors cut its holdings in shares of AT&T Inc. (NYSE:T) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 124,873 shares of the technology company’s stock after selling 2,987 shares during the quarter. Atlas Private Wealth Advisors’ holdings in AT&T were worth $2,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in AT&T in the fourth quarter valued at about $14,700,000. Swiss National Bank increased its holdings in shares of AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after acquiring an additional 104,700 shares during the last quarter. Franklin Resources Inc. raised its position in shares of AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after acquiring an additional 2,326,904 shares in the last quarter. Caprock Group LLC lifted its stake in AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock worth $4,312,000 after purchasing an additional 30,281 shares during the last quarter. Finally, Talbot Financial LLC acquired a new position in AT&T in the third quarter worth $7,438,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

T opened at $22.69 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The company has a market capitalization of $162.77 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The business has a 50 day moving average price of $22.80 and a two-hundred day moving average price of $21.41. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Research analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.89%. AT&T’s dividend payout ratio (DPR) is 90.24%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on T shares. Evercore ISI increased their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $22.00 to $26.00 in a research note on Monday, January 6th. UBS Group increased their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Barclays boosted their price objective on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group increased their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

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.