Atria Investments Inc Sells 10,096 Shares of AT&T Inc. (NYSE:T)

Atria Investments Inc lessened its holdings in AT&T Inc. (NYSE:T) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 603,568 shares of the technology company’s stock after selling 10,096 shares during the period. Atria Investments Inc’s holdings in AT&T were worth $13,743,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in AT&T during the third quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter valued at $28,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. YANKCOM Partnership purchased a new stake in shares of AT&T during the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $26.19 on Thursday. The company has a market capitalization of $188.03 billion, a PE ratio of 17.58, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a 50-day simple moving average of $24.14 and a two-hundred day simple moving average of $22.72. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.24%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analyst Ratings Changes

A number of analysts have recently issued reports on T shares. Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Royal Bank of Canada upped their price objective on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $26.74.

AT&T Company 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.