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

Atlas Private Wealth Advisors decreased its holdings in shares of AT&T Inc. (NYSE:T) by 57.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,902 shares of the technology company’s stock after selling 71,971 shares during the quarter. Atlas Private Wealth Advisors’ holdings in AT&T were worth $1,496,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Keystone Financial Group raised its holdings in shares of AT&T by 196.3% during the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock valued at $5,322,000 after buying an additional 143,744 shares during the period. Capstone Wealth Management LLC purchased a new position in shares of AT&T in the first quarter valued at $201,000. World Investment Advisors boosted its stake in shares of AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock valued at $5,407,000 after purchasing an additional 63,359 shares during the period. DigitalBridge Group Inc. boosted its stake in shares of AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after purchasing an additional 365,776 shares during the period. Finally, West Family Investments Inc. boosted its position in AT&T by 70.4% in the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after buying an additional 15,680 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on T shares. Tigress Financial raised their target price on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Barclays lifted their price objective on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Finally, Royal Bank of Canada lifted their price objective on AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.71.

AT&T Price Performance

Shares of T opened at $28.13 on Friday. The company has a market cap of $202.43 billion, a P/E ratio of 18.88, a PEG ratio of 3.00 and a beta of 0.41. The stock has a fifty day moving average price of $27.41 and a 200 day moving average price of $25.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 12 month low of $17.49 and a 12 month high of $29.03.

AT&T (NYSE:T) last issued 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). The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share. On average, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is 68.10%.

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.