Premier Path Wealth Partners LLC Has $2.55 Million Holdings in AT&T Inc. (NYSE:T)

Premier Path Wealth Partners LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,961 shares of the technology company’s stock after selling 3,564 shares during the period. Premier Path Wealth Partners LLC’s holdings in AT&T were worth $2,549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanibel Captiva Trust Company Inc. lifted its holdings in shares of AT&T by 21.1% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 98,620 shares of the technology company’s stock valued at $2,246,000 after acquiring an additional 17,154 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of AT&T by 2.8% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 44,162 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 1,213 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of AT&T by 2.8% in the fourth quarter. Brooklyn Investment Group now owns 55,522 shares of the technology company’s stock valued at $1,264,000 after purchasing an additional 1,513 shares in the last quarter. Albert D Mason Inc. lifted its holdings in AT&T by 5.2% during the 4th quarter. Albert D Mason Inc. now owns 35,484 shares of the technology company’s stock worth $808,000 after buying an additional 1,747 shares in the last quarter. Finally, Sax Wealth Advisors LLC increased its stake in shares of AT&T by 3.4% in the 4th quarter. Sax Wealth Advisors LLC now owns 35,312 shares of the technology company’s stock valued at $804,000 after buying an additional 1,176 shares during the period. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on T shares. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $22.00 to $26.00 in a research note on Monday, January 6th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday. Sanford C. Bernstein assumed coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. UBS Group increased their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Price Performance

Shares of AT&T stock opened at $22.30 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market capitalization of $159.97 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The company has a fifty day moving average of $22.79 and a 200-day moving average of $21.29. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities research analysts expect that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.