Slagle Financial LLC Sells 64,813 Shares of AT&T Inc. (NYSE:T)

Slagle Financial LLC lowered its position in AT&T Inc. (NYSE:T) by 47.3% in the 4th quarter, Holdings Channel reports. The firm owned 72,229 shares of the technology company’s stock after selling 64,813 shares during the quarter. Slagle Financial LLC’s holdings in AT&T were worth $1,645,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in AT&T in the 3rd quarter valued at $25,000. Marshall Investment Management LLC bought a new position in AT&T in the 4th quarter worth about $28,000. YANKCOM Partnership purchased a new position in shares of AT&T during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC increased 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. Finally, Endeavor Private Wealth Inc. purchased a new position in AT&T during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 2.0 %

Shares of NYSE T opened at $28.20 on Friday. 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 company has a 50-day moving average of $25.59 and a 200 day moving average of $23.47. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.42. The stock has a market cap of $202.41 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56.

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 analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on T. JPMorgan Chase & Co. increased their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Royal Bank of Canada lifted their price target on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

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.