PFG Advisors Sells 9,180 Shares of AT&T Inc. (NYSE:T)

PFG Advisors decreased its stake in shares of AT&T Inc. (NYSE:T) by 23.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,856 shares of the technology company’s stock after selling 9,180 shares during the period. PFG Advisors’ holdings in AT&T were worth $680,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new position in AT&T in the third quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at $28,000. Tradewinds Capital Management LLC lifted its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares during the last quarter. YANKCOM Partnership bought a new stake in shares of AT&T during the 4th quarter worth about $30,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of several research analyst reports. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Royal Bank of Canada boosted their target price 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. Tigress Financial boosted their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T Trading Up 2.0 %

NYSE:T opened at $26.61 on Friday. The firm has a market cap of $190.98 billion, a P/E ratio of 17.86, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The firm’s fifty day moving average is $24.66 and its 200-day moving average is $23.03. 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 (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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%. Equities analysts expect 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.