Trust Investment Advisors Sells 1,016 Shares of AT&T Inc. (NYSE:T)

Trust Investment Advisors cut its holdings in shares of AT&T Inc. (NYSE:T) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,936 shares of the technology company’s stock after selling 1,016 shares during the period. Trust Investment Advisors’ holdings in AT&T were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in shares of AT&T during the fourth quarter worth $30,000. Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T in the 4th quarter valued at $34,000. 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 research reports. Royal Bank of Canada lifted their price target on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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 report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Performance

NYSE T opened at $27.30 on Wednesday. The stock has a market cap of $195.96 billion, a PE ratio of 18.32, 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. The firm has a 50-day moving average of $25.35 and a 200-day moving average of $23.40. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS 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.