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

Greatmark Investment Partners Inc. decreased its stake in AT&T Inc. (NYSE:T) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,983 shares of the technology company’s stock after selling 6,000 shares during the period. Greatmark Investment Partners Inc.’s holdings in AT&T were worth $364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. HMV Wealth Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $586,000. First National Trust Co raised its position in AT&T by 2.6% during the fourth quarter. First National Trust Co now owns 98,990 shares of the technology company’s stock worth $2,254,000 after acquiring an additional 2,534 shares during the last quarter. Wellington Shields Capital Management LLC raised its position in AT&T by 273.9% during the fourth quarter. Wellington Shields Capital Management LLC now owns 148,880 shares of the technology company’s stock worth $3,390,000 after acquiring an additional 109,060 shares during the last quarter. Renasant Bank raised its position in AT&T by 10.7% during the fourth quarter. Renasant Bank now owns 16,159 shares of the technology company’s stock worth $368,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Atala Financial Inc acquired a new position in AT&T during the fourth quarter worth about $175,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Scotiabank lifted their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. Citigroup lifted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Tigress Financial lifted their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T Price Performance

AT&T stock opened at $26.61 on Friday. The company has a market cap of $190.98 billion, a price-to-earnings ratio of 17.86, a PEG 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 1 year low of $15.94 and a 1 year high of $27.97. The firm has a 50 day moving average price of $24.66 and a 200 day moving average price of $23.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Sell-side analysts predict 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.