AT&T Inc. (NYSE:T) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in AT&T Inc. (NYSE:T) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,659,090 shares of the technology company’s stock after selling 20,223 shares during the period. AT&T accounts for about 0.7% of Advisors Asset Management Inc.’s portfolio, making the stock its 15th largest position. Advisors Asset Management Inc.’s holdings in AT&T were worth $37,777,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its stake in AT&T by 1.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 462,211 shares of the technology company’s stock worth $10,487,000 after buying an additional 8,428 shares during the period. Taylor Financial Group Inc. increased its stake in AT&T by 3.8% during the 4th quarter. Taylor Financial Group Inc. now owns 52,949 shares of the technology company’s stock worth $1,206,000 after buying an additional 1,915 shares during the period. PDS Planning Inc increased its stake in AT&T by 4.7% during the 4th quarter. PDS Planning Inc now owns 33,050 shares of the technology company’s stock worth $753,000 after buying an additional 1,470 shares during the period. Retirement Planning Co of New England Inc. increased its stake in AT&T by 8.8% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 12,018 shares of the technology company’s stock worth $274,000 after buying an additional 967 shares during the period. Finally, Mystic Asset Management Inc. purchased a new stake in AT&T during the 4th quarter worth approximately $333,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of NYSE T opened at $26.87 on Tuesday. The company has a market cap of $192.86 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a 50-day simple moving average of $24.75 and a 200-day simple moving average of $23.13.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 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, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price objective 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. BNP Paribas upgraded 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. Citigroup increased their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Barclays raised their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $26.74.

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.