First Horizon Advisors Inc. Has $15.80 Million Position in AT&T Inc. (NYSE:T)

First Horizon Advisors Inc. cut its holdings in AT&T Inc. (NYSE:T) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 941,372 shares of the technology company’s stock after selling 23,997 shares during the quarter. First Horizon Advisors Inc.’s holdings in AT&T were worth $15,796,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sora Investors LLC bought a new stake in shares of AT&T in the third quarter valued at about $11,265,000. Checchi Capital Advisers LLC boosted its position in AT&T by 3.1% during the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after acquiring an additional 1,178 shares during the last quarter. Retireful LLC bought a new position in shares of AT&T during the 4th quarter worth approximately $1,163,000. Terril Brothers Inc. grew its stake in shares of AT&T by 51.6% during the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after acquiring an additional 202,637 shares in the last quarter. Finally, Breakwater Capital Group lifted its position in shares of AT&T by 10.5% in the fourth quarter. Breakwater Capital Group now owns 30,770 shares of the technology company’s stock worth $517,000 after purchasing an additional 2,927 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T stock traded down $0.13 on Thursday, hitting $16.79. The company’s stock had a trading volume of 13,248,102 shares, compared to its average volume of 39,058,043. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The company has a market capitalization of $120.10 billion, a PE ratio of 9.05, a PEG ratio of 3.32 and a beta of 0.57. The stock’s 50 day moving average is $16.96 and its 200-day moving average is $16.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last announced 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. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities research analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.61%. AT&T’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Scotiabank lifted their price objective on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Friday, January 19th. Deutsche Bank Aktiengesellschaft upped their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Finally, TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target 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.