Atria Wealth Solutions Inc. Has $12.53 Million Holdings in AT&T Inc. (NYSE:T)

Atria Wealth Solutions Inc. cut its holdings in AT&T Inc. (NYSE:T) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 746,454 shares of the technology company’s stock after selling 33,233 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in AT&T were worth $12,526,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Carmel Capital Partners LLC grew its holdings in AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares in the last quarter. Lipe & Dalton bought a new position in shares of AT&T during the 3rd quarter worth $30,000. Ramirez Asset Management Inc. purchased a new stake in AT&T during the 3rd quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its holdings in AT&T by 3,202.4% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,626 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T traded down $0.23 during trading hours on Thursday, hitting $16.58. 22,150,542 shares of the stock were exchanged, compared to its average volume of 39,118,984. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.16. The firm’s fifty day moving average price is $16.98 and its 200 day moving average price is $16.54. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market cap of $118.59 billion, a P/E ratio of 8.44, a P/E/G ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same period in the previous year, the business earned $0.60 EPS. AT&T’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.69%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on T shares. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, January 19th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. Scotiabank upped their price target on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday. Finally, Barclays upped their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.