AT&T Inc. (NYSE:T) Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC reduced its holdings in AT&T Inc. (NYSE:T) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,289 shares of the technology company’s stock after selling 1,238 shares during the period. Ironwood Investment Counsel LLC’s holdings in AT&T were worth $2,489,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Savvy Advisors Inc. purchased a new stake in AT&T in the 3rd quarter valued at about $284,000. Aptus Capital Advisors LLC increased its holdings in shares of AT&T by 16.6% in the third quarter. Aptus Capital Advisors LLC now owns 108,012 shares of the technology company’s stock valued at $2,376,000 after purchasing an additional 15,415 shares during the period. Haverford Trust Co boosted its stake in shares of AT&T by 24.8% in the third quarter. Haverford Trust Co now owns 66,198 shares of the technology company’s stock valued at $1,456,000 after buying an additional 13,142 shares in the last quarter. MQS Management LLC acquired a new position in AT&T during the third quarter worth $261,000. Finally, Cable Hill Partners LLC increased its position in AT&T by 11.3% during the third quarter. Cable Hill Partners LLC now owns 18,942 shares of the technology company’s stock worth $417,000 after buying an additional 1,929 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on T shares. Oppenheimer assumed 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 for the company. Royal Bank of Canada lifted their price target on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Tigress Financial boosted their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T Trading Up 1.4 %

NYSE:T opened at $26.09 on Friday. The company has a 50-day moving average price of $24.59 and a 200-day moving average price of $22.98. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market cap of $187.24 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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 analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T 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.