Corient Private Wealth LLC Has $53.37 Million Position in AT&T Inc. (NYSE:T)

Corient Private Wealth LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 7.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,382,326 shares of the technology company’s stock after selling 203,822 shares during the quarter. Corient Private Wealth LLC’s holdings in AT&T were worth $53,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter worth about $28,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the last quarter. YANKCOM Partnership bought a new position in AT&T during the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T opened at $26.61 on Monday. The company has a 50 day moving average of $24.66 and a two-hundred day moving average of $23.08. The company has a market cap of $190.98 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. As a group, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. 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 research note on Tuesday, January 28th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Citigroup boosted their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Tigress Financial increased their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada raised their price objective on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.74.

About AT&T

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.