ARS Wealth Advisors Group LLC Has $290,000 Stock Holdings in AT&T Inc. (NYSE:T)

ARS Wealth Advisors Group LLC trimmed its stake in shares of AT&T Inc. (NYSE:T) by 7.3% during the fourth quarter, Holdings Channel reports. The firm owned 17,291 shares of the technology company’s stock after selling 1,367 shares during the period. ARS Wealth Advisors Group LLC’s holdings in AT&T were worth $290,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Newport Trust Company LLC lifted its holdings in AT&T by 0.3% during the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after purchasing an additional 673,043 shares during the last quarter. Northern Trust Corp raised its stake in shares of AT&T by 2.5% in the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after acquiring an additional 1,828,237 shares during the last quarter. FMR LLC boosted its holdings in shares of AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after acquiring an additional 32,558,342 shares in the last quarter. Ameriprise Financial Inc. grew its position in AT&T by 185.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after acquiring an additional 34,189,954 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in AT&T by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 49,791,397 shares of the technology company’s stock valued at $747,867,000 after purchasing an additional 327,425 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 0.2 %

Shares of NYSE:T traded up $0.03 during midday trading on Friday, hitting $16.85. The company had a trading volume of 24,023,192 shares, compared to its average volume of 41,324,028. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16. The firm has a fifty day simple moving average of $16.97 and a 200 day simple moving average of $16.64. The stock has a market cap of $120.52 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.31 and a beta of 0.57.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. On average, analysts predict that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.59%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. Scotiabank boosted their price objective on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Tigress Financial boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Finally, Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Profile

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.