AT&T Inc. (NYSE:T) Shares Sold by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. reduced its position in shares of AT&T Inc. (NYSE:T) by 27.3% during the fourth quarter, HoldingsChannel reports. The firm owned 15,983 shares of the technology company’s stock after selling 6,000 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in AT&T were worth $364,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the third quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at $28,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership acquired a new stake in AT&T in the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC raised its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Stock Up 2.0 %

AT&T stock opened at $26.61 on Friday. The company has a 50-day simple moving average of $24.66 and a 200-day simple moving average of $23.03. The firm has a market capitalization of $190.98 billion, a P/E ratio of 17.86, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97.

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 analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

About AT&T

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.