AT&T Inc. (NYSE:T) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. lessened its position in AT&T Inc. (NYSE:T) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,742 shares of the technology company’s stock after selling 2,969 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in AT&T were worth $1,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Carmel Capital Partners LLC grew its holdings in shares of AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares during the period. FWL Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $31,000. Financial Freedom LLC acquired a new stake in AT&T during the 4th quarter valued at $34,000. Lipe & Dalton acquired a new position in shares of AT&T in the third quarter worth $30,000. Finally, Ramirez Asset Management Inc. acquired a new stake in shares of AT&T during the third quarter valued at $30,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock traded up $0.02 during midday trading on Thursday, hitting $17.57. 7,664,559 shares of the company were exchanged, compared to its average volume of 38,430,980. The firm has a 50 day simple moving average of $17.08 and a 200-day simple moving average of $16.26. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $19.99. The firm has a market cap of $125.67 billion, a P/E ratio of 8.96, a PEG ratio of 2.59 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. Research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current year.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Citigroup boosted their price target on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price target on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.61.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.