AT&T Inc. (NYSE:T) Stake Cut by Leelyn Smith LLC

Leelyn Smith LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,518 shares of the technology company’s stock after selling 624 shares during the quarter. Leelyn Smith LLC’s holdings in AT&T were worth $490,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. RD Lewis Holdings Inc. purchased a new position in shares of AT&T during the 4th quarter valued at $346,000. BlackDiamond Wealth Management LLC acquired a new stake in AT&T during the fourth quarter valued at $250,000. Edgemoor Investment Advisors Inc. grew its stake in AT&T by 3.1% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 290,193 shares of the technology company’s stock valued at $6,608,000 after purchasing an additional 8,709 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in AT&T in the 4th quarter worth about $214,000. Finally, Wealth Architects LLC raised its stake in shares of AT&T by 11.2% during the 4th quarter. Wealth Architects LLC now owns 13,672 shares of the technology company’s stock worth $311,000 after purchasing an additional 1,373 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on T. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group upped 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, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.74.

AT&T Trading Up 1.1 %

Shares of T stock opened at $26.87 on Tuesday. The firm has a market capitalization of $192.86 billion, a P/E ratio of 18.03, a price-to-earnings-growth 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 firm’s fifty day simple moving average is $24.75 and its 200 day simple moving average is $23.13. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings data 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%. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

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.