AT&T Inc. (NYSE:T) Shares Sold by King Wealth Management Group

King Wealth Management Group decreased its position in shares of AT&T Inc. (NYSE:T) by 36.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,078 shares of the technology company’s stock after selling 6,222 shares during the period. King Wealth Management Group’s holdings in AT&T were worth $252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $28,000. Tradewinds Capital Management LLC lifted its stake in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the period. YANKCOM Partnership acquired a new stake in AT&T during the fourth quarter worth approximately $30,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $26.09 on Friday. The company has a market capitalization of $187.24 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The business has a 50-day moving average of $24.59 and a 200-day moving average of $22.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. 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. UBS Group increased their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.74.

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.