Private Advisor Group LLC Has $14.52 Million Stock Holdings in AT&T Inc. (NYSE:T)

Private Advisor Group LLC trimmed its position in AT&T Inc. (NYSE:T) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of T. Northeast Investment Management grew its holdings in AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock valued at $1,166,000 after buying an additional 451 shares during the last quarter. Chesapeake Wealth Management grew its stake in shares of AT&T by 1.9% in the third quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock worth $535,000 after acquiring an additional 460 shares during the last quarter. Luts & Greenleigh Group Inc. increased its position in AT&T by 2.8% during the fourth quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock worth $385,000 after acquiring an additional 460 shares during the period. Socha Financial Group LLC raised its stake in AT&T by 2.5% during the 3rd quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock valued at $415,000 after purchasing an additional 461 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its holdings in AT&T by 1.4% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock valued at $759,000 after purchasing an additional 468 shares during the period. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank of Canada upped their price objective 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. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Scotiabank lifted their price objective on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, 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 report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Price Performance

Shares of T stock opened at $26.23 on Thursday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $26.35. The stock has a market capitalization of $188.28 billion, a PE ratio of 17.60, a PEG ratio of 2.96 and a beta of 0.59. 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 stock’s fifty day moving average is $23.38 and its 200-day moving average is $22.20.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is 74.50%.

About AT&T

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.