Atria Wealth Solutions Inc. Sells 33,233 Shares of AT&T Inc. (NYSE:T)

Atria Wealth Solutions Inc. trimmed its position in shares of AT&T Inc. (NYSE:T) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 746,454 shares of the technology company’s stock after selling 33,233 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in AT&T were worth $12,526,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the period. JB Capital LLC grew its position in shares of AT&T by 2.4% in the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after purchasing an additional 614 shares during the period. Schubert & Co grew its position in shares of AT&T by 2.0% in the third quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock valued at $486,000 after purchasing an additional 631 shares during the period. Roof Eidam Maycock Peralta LLC grew its position in shares of AT&T by 6.3% in the third quarter. Roof Eidam Maycock Peralta LLC now owns 11,226 shares of the technology company’s stock valued at $169,000 after purchasing an additional 666 shares during the period. Finally, MBM Wealth Consultants LLC grew its position in shares of AT&T by 4.5% in the fourth quarter. MBM Wealth Consultants LLC now owns 15,637 shares of the technology company’s stock valued at $270,000 after purchasing an additional 678 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on T. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, January 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Finally, Barclays boosted their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Stock Down 1.4 %

Shares of AT&T stock traded down $0.23 during trading hours on Thursday, hitting $16.58. The company had a trading volume of 22,150,542 shares, compared to its average volume of 39,118,984. The company’s 50-day moving average is $16.98 and its two-hundred day moving average is $16.54. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company has a market cap of $118.59 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.