AGF Management Ltd. Sells 44,786 Shares of AT&T Inc. (NYSE:T)

AGF Management Ltd. lowered its position in AT&T Inc. (NYSE:T) by 18.0% during the 4th quarter, HoldingsChannel reports. The firm owned 203,769 shares of the technology company’s stock after selling 44,786 shares during the period. AGF Management Ltd.’s holdings in AT&T were worth $4,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC purchased a new position in AT&T in the third quarter worth $25,000. Marshall Investment Management LLC purchased a new position in AT&T in the fourth quarter worth $28,000. Ritter Daniher Financial Advisory LLC DE grew its position 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 worth $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership purchased a new position in AT&T in the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC boosted 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 buying an additional 430 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on T. UBS Group upped their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Sanford C. Bernstein upped their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. One equities 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 issued a strong buy rating to the stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $26.74.

AT&T Price Performance

T stock opened at $25.72 on Thursday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97. The company has a market cap of $184.59 billion, a P/E ratio of 17.26, a PEG ratio of 3.00 and a beta of 0.56. The firm has a 50-day moving average of $24.52 and a 200 day moving average of $22.96. 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 (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Profile

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.