Stratos Wealth Advisors LLC Lowers Holdings in AT&T Inc. (NYSE:T)

Stratos Wealth Advisors LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 7.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 60,956 shares of the technology company’s stock after selling 4,609 shares during the period. Stratos Wealth Advisors LLC’s holdings in AT&T were worth $1,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. AMF Tjanstepension AB boosted its stake 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. CWM LLC raised its holdings in AT&T by 2.9% in the 3rd quarter. CWM LLC now owns 2,455,560 shares of the technology company’s stock worth $54,022,000 after purchasing an additional 69,306 shares during the period. Wedmont Private Capital boosted its position in AT&T by 3.8% during the third quarter. Wedmont Private Capital now owns 67,949 shares of the technology company’s stock worth $1,480,000 after purchasing an additional 2,515 shares in the last quarter. Patten Group Inc. grew its holdings in AT&T by 4.2% in the third quarter. Patten Group Inc. now owns 94,316 shares of the technology company’s stock valued at $2,075,000 after purchasing an additional 3,833 shares during the period. Finally, Somerset Trust Co increased its position in shares of AT&T by 2.0% in the third quarter. Somerset Trust Co now owns 54,223 shares of the technology company’s stock valued at $1,193,000 after buying an additional 1,081 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T opened at $24.46 on Friday. The company’s 50-day moving average is $22.99 and its two-hundred day moving average is $21.75. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $175.47 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. Analysts forecast that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The firm 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 dividend yield of 4.54%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays increased their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Evercore ISI lifted their target price 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 boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

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.