Atria Wealth Solutions Inc. Acquires 19,550 Shares of AT&T Inc. (NYSE:T)

Atria Wealth Solutions Inc. raised its position in AT&T Inc. (NYSE:T - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in T. International Assets Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $14,700,000. Swiss National Bank lifted its stake in shares of AT&T by 0.5% during the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after buying an additional 104,700 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after buying an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp lifted its stake in shares of AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after buying an additional 21,927 shares during the last quarter. Finally, Caprock Group LLC lifted its stake in shares of AT&T by 18.3% during the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock worth $4,312,000 after buying an additional 30,281 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, New Street Research raised shares of AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $26.33.

AT&T Price Performance

T stock traded up $0.49 during trading on Friday, reaching $26.64. 58,384,223 shares of the company were exchanged, compared to its average volume of 38,439,449. The company has a 50-day moving average of $23.44 and a two-hundred day moving average of $22.23. The company has a market capitalization of $191.19 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 3.01 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.72. 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 (NYSE:T - Get Free Report) last released its quarterly earnings data 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 net margin of 8.95% and a return on equity of 13.97%. As a group, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio is 74.50%.

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.