Atria Wealth Solutions Inc. Grows Position in AT&T Inc. (NYSE:T)

Atria Wealth Solutions Inc. boosted its position in AT&T Inc. (NYSE:T) by 3.7% during the 4th quarter, Holdings Channel reports. The fund owned 547,557 shares of the technology company’s stock after acquiring an additional 19,550 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in AT&T were worth $12,468,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in T. AMF Tjanstepension AB boosted its position in shares of AT&T by 305.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after acquiring an additional 1,161,152 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in AT&T by 16,556.5% in the third quarter. Toth Financial Advisory Corp now owns 3,831 shares of the technology company’s stock valued at $84,000 after purchasing an additional 3,808 shares in the last quarter. Whittier Trust Co. boosted its holdings in AT&T by 1.9% in the third quarter. Whittier Trust Co. now owns 58,961 shares of the technology company’s stock valued at $1,297,000 after purchasing an additional 1,078 shares in the last quarter. Community Financial Services Group LLC purchased a new position in AT&T in the third quarter valued at approximately $206,000. Finally, Horst & Graben Wealth Management LLC raised its holdings in AT&T by 34.4% during the third quarter. Horst & Graben Wealth Management LLC now owns 16,725 shares of the technology company’s stock worth $368,000 after purchasing an additional 4,278 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.8 %

NYSE T opened at $26.07 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $187.09 billion, a P/E ratio of 17.50, a P/E/G ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $26.18. The firm has a 50-day moving average price of $23.33 and a 200 day moving average price of $22.17.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given 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 4.26%. AT&T’s payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of several research analyst reports. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. Scotiabank boosted their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

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.