AT&T Inc. (NYSE:T) Stake Lessened by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,037 shares of the technology company’s stock after selling 1,287 shares during the period. Samalin Investment Counsel LLC’s holdings in AT&T were worth $684,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in T. Segall Bryant & Hamill LLC bought a new stake in AT&T during the third quarter worth approximately $1,030,000. Intech Investment Management LLC boosted its stake in AT&T by 1.9% in the 3rd quarter. Intech Investment Management LLC now owns 290,672 shares of the technology company’s stock worth $6,395,000 after purchasing an additional 5,469 shares during the period. Eagle Asset Management Inc. boosted its stake in AT&T by 30.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 832,999 shares of the technology company’s stock worth $18,609,000 after purchasing an additional 195,314 shares during the period. CFS Investment Advisory Services LLC boosted its stake in AT&T by 6.1% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 22,588 shares of the technology company’s stock worth $497,000 after purchasing an additional 1,304 shares during the period. Finally, Allen Capital Group LLC boosted its stake in AT&T by 20.8% in the 3rd quarter. Allen Capital Group LLC now owns 20,643 shares of the technology company’s stock worth $454,000 after purchasing an additional 3,549 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. The Goldman Sachs Group increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada increased their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Up 0.9 %

T stock opened at $27.04 on Friday. 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 52-week low of $15.94 and a 52-week high of $27.97. The company has a 50-day moving average of $25.13 and a two-hundred day moving average of $23.30. The stock has a market capitalization of $194.06 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

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, 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%. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Company 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.