Paragon Capital Management LLC Sells 400 Shares of AT&T Inc. (NYSE:T)

Paragon Capital Management LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,500 shares of the technology company’s stock after selling 400 shares during the period. Paragon Capital Management LLC’s holdings in AT&T were worth $239,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock worth $225,741,000 after acquiring an additional 9,719,036 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock worth $1,948,943,000 after buying an additional 5,649,277 shares in the last quarter. Amundi lifted its stake in shares of AT&T by 19.8% in the fourth quarter. Amundi now owns 33,963,826 shares of the technology company’s stock worth $753,318,000 after buying an additional 5,614,168 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock worth $3,532,684,000 after buying an additional 3,630,972 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of AT&T in the fourth quarter worth approximately $65,288,000. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

NYSE:T opened at $26.77 on Friday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $192.14 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock’s 50-day moving average price is $25.02 and its 200-day moving average price is $23.23.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, DZ Bank raised 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 note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T 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.