Modera Wealth Management LLC Has $1.23 Million Stock Holdings in AT&T Inc. (NYSE:T)

Modera Wealth Management LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,082 shares of the technology company’s stock after selling 2,793 shares during the period. Modera Wealth Management LLC’s holdings in AT&T were worth $1,231,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of T. SRS Capital Advisors Inc. lifted its holdings in shares of AT&T by 313.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 45,228 shares of the technology company’s stock valued at $1,030,000 after purchasing an additional 34,302 shares in the last quarter. Norden Group LLC raised its position in AT&T by 33.3% in the 4th quarter. Norden Group LLC now owns 113,611 shares of the technology company’s stock valued at $2,587,000 after buying an additional 28,384 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in AT&T in the 4th quarter valued at approximately $75,000. Smartleaf Asset Management LLC boosted its position in AT&T by 22.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 91,465 shares of the technology company’s stock worth $2,068,000 after acquiring an additional 17,072 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its stake in shares of AT&T by 3.8% during the 4th quarter. Bridges Investment Management Inc. now owns 41,986 shares of the technology company’s stock worth $956,000 after acquiring an additional 1,524 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.0 %

Shares of T opened at $27.69 on Tuesday. The firm has a market cap of $198.76 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 3.00 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. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.86. The firm’s 50-day simple moving average is $24.01 and its 200 day simple moving average is $22.64.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.01%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on T shares. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Barclays lifted 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. Finally, Tigress Financial increased their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $26.45.

AT&T Company 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.