Fortress Financial Solutions LLC Makes New Investment in AT&T Inc. (NYSE:T)

Fortress Financial Solutions LLC purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,357 shares of the technology company's stock, valued at approximately $691,000. AT&T comprises about 1.0% of Fortress Financial Solutions LLC's holdings, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB boosted its position in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company's stock worth $33,918,000 after purchasing an additional 1,161,152 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of AT&T by 21.2% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 30,358 shares of the technology company's stock valued at $668,000 after purchasing an additional 5,320 shares during the period. ORG Wealth Partners LLC purchased a new stake in AT&T during the third quarter worth $72,000. Fiduciary Alliance LLC boosted its holdings in AT&T by 66.8% during the third quarter. Fiduciary Alliance LLC now owns 19,924 shares of the technology company's stock worth $438,000 after buying an additional 7,978 shares in the last quarter. Finally, CX Institutional grew its position in AT&T by 802.0% during the third quarter. CX Institutional now owns 288,802 shares of the technology company's stock valued at $6,354,000 after buying an additional 256,785 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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AT&T Price Performance

Shares of T stock traded up $0.25 during trading hours on Friday, reaching $25.88. The company had a trading volume of 31,683,390 shares, compared to its average volume of 38,630,956. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $25.93. 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 market capitalization of $185.66 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.79 and a beta of 0.59. The stock has a fifty day moving average of $23.23 and a 200-day moving average of $22.04.

AT&T (NYSE:T - Get Free Report) 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%. On average, equities analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Analyst Ratings Changes

T has been the subject of a number of analyst reports. 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 report on Tuesday, January 28th. Sanford C. Bernstein upped their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Wells Fargo & Company dropped their price objective on AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Tigress Financial boosted their price objective on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Citigroup increased their target price on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.