Private Advisor Group LLC Sells 29,474 Shares of AT&T Inc. (NYSE:T)

Private Advisor Group LLC trimmed its stake in AT&T Inc. (NYSE:T - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 637,445 shares of the technology company's stock after selling 29,474 shares during the quarter. Private Advisor Group LLC's holdings in AT&T were worth $14,515,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Good Life Advisors LLC grew its holdings in shares of AT&T by 27.2% during the fourth quarter. Good Life Advisors LLC now owns 147,637 shares of the technology company's stock valued at $3,362,000 after buying an additional 31,613 shares during the last quarter. Financial Perspectives Inc grew its holdings in shares of AT&T by 7.7% during the fourth quarter. Financial Perspectives Inc now owns 20,121 shares of the technology company's stock valued at $458,000 after buying an additional 1,431 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of AT&T by 3.2% during the fourth quarter. Global Retirement Partners LLC now owns 136,159 shares of the technology company's stock valued at $3,100,000 after buying an additional 4,205 shares during the last quarter. Plan Group Financial LLC grew its holdings in shares of AT&T by 8.7% during the fourth quarter. Plan Group Financial LLC now owns 54,692 shares of the technology company's stock valued at $1,245,000 after buying an additional 4,375 shares during the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in shares of AT&T during the fourth quarter valued at about $70,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on T. Royal Bank of Canada raised their price target on shares of AT&T from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Evercore ISI raised their price target on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. Citigroup raised their price target on shares of AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. 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. Finally, The Goldman Sachs Group boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.33.

AT&T Price Performance

T stock traded up $0.46 during midday trading on Friday, reaching $26.61. The company had a trading volume of 37,727,236 shares, compared to its average volume of 37,790,527. 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 1 year low of $15.94 and a 1 year high of $26.72. The company has a market capitalization of $191.03 billion, a P/E ratio of 17.88, a P/E/G ratio of 3.01 and a beta of 0.59. The firm has a 50-day moving average price of $23.44 and a 200-day moving average price of $22.23.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T's 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.