Carret Asset Management LLC Lowers Position in AT&T Inc. (NYSE:T)

Carret Asset Management LLC lessened its holdings in AT&T Inc. (NYSE:T) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,419 shares of the technology company’s stock after selling 10,853 shares during the period. Carret Asset Management LLC’s holdings in AT&T were worth $1,603,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in AT&T during the third quarter valued at $25,000. Marshall Investment Management LLC bought a new position in AT&T during the fourth quarter valued at $28,000. Ritter Daniher Financial Advisory LLC DE increased its position in AT&T by 169.2% during 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 during the last quarter. YANKCOM Partnership bought a new position in AT&T during the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC increased its position in AT&T by 48.6% during 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 during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $26.09 on Friday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market cap of $187.24 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The firm’s 50-day moving average price is $24.59 and its 200-day moving average price is $22.98.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

T has been the topic of a number of analyst reports. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a research report on Thursday, February 13th. Scotiabank upped their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Oppenheimer began 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. Sanford C. Bernstein upped their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.74.

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.