GLOBALT Investments LLC GA Sells 6,148 Shares of AT&T Inc. (NYSE:T)

GLOBALT Investments LLC GA reduced its stake in shares of AT&T Inc. (NYSE:T) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 397,686 shares of the technology company’s stock after selling 6,148 shares during the quarter. GLOBALT Investments LLC GA’s holdings in AT&T were worth $9,055,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in AT&T in the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new position in AT&T in the fourth quarter valued at approximately $28,000. Ritter Daniher Financial Advisory LLC DE boosted its stake 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 during the last quarter. YANKCOM Partnership bought a new position in AT&T in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC boosted its stake 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 during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 2.0 %

Shares of NYSE:T opened at $26.61 on Monday. The company’s 50-day moving average price is $24.66 and its two-hundred day moving average price is $23.08. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. The stock has a market capitalization of $190.98 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted 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 return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on T. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 29th. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Scotiabank increased their target price 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. Tigress Financial increased their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.