Verum Partners LLC Has $202,000 Position in AT&T Inc. (NYSE:T)

Verum Partners LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 34.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,048 shares of the technology company’s stock after selling 6,426 shares during the period. Verum Partners LLC’s holdings in AT&T were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Bouchey Financial Group Ltd raised its position in AT&T by 6.6% in the 4th quarter. Bouchey Financial Group Ltd now owns 15,976 shares of the technology company’s stock worth $268,000 after purchasing an additional 996 shares during the last quarter. Next Level Private LLC lifted its stake in shares of AT&T by 1.4% during the fourth quarter. Next Level Private LLC now owns 213,809 shares of the technology company’s stock valued at $3,588,000 after acquiring an additional 3,047 shares during the period. Cultivar Capital Inc. bought a new position in AT&T in the fourth quarter valued at about $182,000. Roberts Wealth Advisors LLC increased its position in AT&T by 6.7% in the fourth quarter. Roberts Wealth Advisors LLC now owns 77,947 shares of the technology company’s stock worth $1,308,000 after purchasing an additional 4,916 shares during the period. Finally, Schechter Investment Advisors LLC bought a new stake in AT&T during the 4th quarter worth about $269,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on T. Barclays lifted their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. StockNews.com upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 5th. Tigress Financial increased their target price on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.61.

AT&T Stock Up 0.7 %

T stock traded up $0.12 during trading hours on Thursday, reaching $17.67. 18,167,900 shares of the stock were exchanged, compared to its average volume of 38,601,719. The firm’s 50-day moving average is $17.08 and its 200-day moving average is $16.26. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.99. The company has a market cap of $126.39 billion, a price-to-earnings ratio of 8.97, 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 posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

About AT&T

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.