AT&T Inc. (NYSE:T) Stake Cut by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in shares of AT&T Inc. (NYSE:TFree Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,107,612 shares of the technology company’s stock after selling 182,722 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in AT&T were worth $52,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Sora Investors LLC acquired a new position in AT&T in the third quarter worth approximately $11,265,000. Robeco Institutional Asset Management B.V. increased its position in AT&T by 2.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock worth $259,219,000 after buying an additional 383,015 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of AT&T by 3.1% in the third quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after buying an additional 1,178 shares during the last quarter. Terril Brothers Inc. increased its holdings in shares of AT&T by 51.6% during the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after acquiring an additional 202,637 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in AT&T by 336.5% in the 2nd quarter. Marshall Wace LLP now owns 1,439,745 shares of the technology company’s stock worth $22,964,000 after purchasing an additional 1,109,925 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 0.9 %

Shares of AT&T stock opened at $17.13 on Tuesday. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.99. The firm has a market capitalization of $122.49 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 2.56 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company’s fifty day moving average price is $17.05 and its two-hundred day moving average price is $16.23.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. On average, analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

Wall Street Analyst Weigh In

T has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Barclays lifted their price objective on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Finally, Wells Fargo & Company increased their price objective on AT&T from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $21.61.

View Our Latest Report on AT&T

AT&T Company Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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