Financial Counselors Inc. Sells 1,043 Shares of AT&T Inc. (NYSE:T)

Financial Counselors Inc. trimmed its position in AT&T Inc. (NYSE:T) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 83,645 shares of the technology company’s stock after selling 1,043 shares during the quarter. Financial Counselors Inc.’s holdings in AT&T were worth $1,905,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in T. International Assets Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter worth $14,700,000. Franklin Resources Inc. lifted its holdings in shares of AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after acquiring an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp grew its position in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock worth $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $691,000. Finally, West Family Investments Inc. raised its position in AT&T by 70.4% during the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after purchasing an additional 15,680 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on T shares. The Goldman Sachs Group boosted their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Tigress Financial increased their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

AT&T Trading Up 2.0 %

NYSE:T opened at $28.20 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a 50-day simple moving average of $25.59 and a 200-day simple moving average of $23.47. AT&T Inc. has a one year low of $15.94 and a one year high of $28.42. The firm has a market cap of $202.41 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal 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.