AT&T Inc. (NYSE:T) Stock Holdings Lowered by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T – Get Rating) by 70.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,038 shares of the technology company’s stock after selling 4,778 shares during the period. Eagle Bay Advisors LLC’s holdings in AT&T were worth $31,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Axiom Financial Strategies LLC lifted its stake in AT&T by 12.2% during the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after buying an additional 1,941 shares in the last quarter. Roundview Capital LLC raised its holdings in shares of AT&T by 62.3% during the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock valued at $582,000 after acquiring an additional 9,450 shares during the period. Sei Investments Co. lifted its position in shares of AT&T by 23.1% in the 1st quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock valued at $25,983,000 after acquiring an additional 206,434 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in AT&T by 5.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock worth $11,262,000 after purchasing an additional 25,028 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in AT&T by 1,191.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after purchasing an additional 11,722 shares during the period. Institutional investors and hedge funds own 51.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on T shares. Credit Suisse Group lifted their price target on AT&T from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, January 26th. Citigroup upped their target price on AT&T from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, January 24th. Cowen boosted their price objective on shares of AT&T from $24.00 to $25.00 in a research report on Thursday, January 26th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, December 8th. Finally, Morgan Stanley cut shares of AT&T from an “overweight” rating to an “equal weight” rating and set a $20.00 price target on the stock. in a report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

AT&T Trading Up 0.4 %

NYSE:T opened at $18.39 on Friday. The company’s 50 day moving average is $19.23 and its 200-day moving average is $18.19. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.21. AT&T Inc. has a 12 month low of $14.46 and a 12 month high of $21.53. The firm has a market cap of $131.12 billion, a price-to-earnings ratio of -15.45, a P/E/G ratio of 2.25 and a beta of 0.66.

AT&T (NYSE:T – Get Rating) last announced its earnings results on Wednesday, January 25th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. AT&T had a negative net margin of 6.60% and a positive return on equity of 14.18%. The firm had revenue of $31.30 billion for the quarter, compared to the consensus estimate of $31.50 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s quarterly revenue was down 23.6% on a year-over-year basis. Equities analysts anticipate that AT&T Inc. will post 2.42 EPS for the current year.

About AT&T

(Get Rating)

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.