AT&T Inc. (NYSE:T) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lessened its position in AT&T Inc. (NYSE:T) by 18.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,711 shares of the technology company’s stock after selling 6,366 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in AT&T were worth $482,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of AT&T by 1.2% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock worth $1,119,000 after purchasing an additional 547 shares in the last quarter. SMH Capital Advisors Inc. grew its holdings in AT&T by 1.8% during the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock worth $585,000 after acquiring an additional 565 shares during the period. Kahn Brothers Group Inc. raised its position in AT&T by 3.4% during the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock valued at $319,000 after acquiring an additional 575 shares in the last quarter. Schubert & Co boosted its position in AT&T by 2.0% in the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after purchasing an additional 631 shares in the last quarter. Finally, Hancock Whitney Corp grew its stake in shares of AT&T by 0.9% during the 1st quarter. Hancock Whitney Corp now owns 74,780 shares of the technology company’s stock worth $1,439,000 after purchasing an additional 654 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $17.60 on Friday. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $19.99. The firm’s 50-day moving average is $17.11 and its two-hundred day moving average is $16.27. 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 stock has a market capitalization of $125.89 billion, a P/E ratio of 8.98, a P/E/G ratio of 2.65 and a beta of 0.57.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Equities analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

Analysts Set New Price Targets

T has been the topic of a number of analyst reports. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Tuesday, March 5th. Wells Fargo & Company raised their price target on AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Barclays boosted their price objective on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.61.

About AT&T

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.