KMG Fiduciary Partners LLC Sells 82,167 Shares of AT&T Inc. (NYSE:T)

KMG Fiduciary Partners LLC lessened its position in AT&T Inc. (NYSE:TFree Report) by 82.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,235 shares of the technology company’s stock after selling 82,167 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in AT&T were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in T. Moneta Group Investment Advisors LLC lifted its holdings in shares of AT&T by 85,003.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock worth $1,414,568,000 after acquiring an additional 76,746,649 shares during the last quarter. Norges Bank purchased a new position in AT&T in the 4th quarter worth about $1,229,499,000. Ameriprise Financial Inc. increased its stake in AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after buying an additional 34,189,954 shares during the period. FMR LLC increased its stake in AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after buying an additional 32,558,342 shares during the period. Finally, Morgan Stanley increased its stake in AT&T by 37.3% in the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after buying an additional 29,769,976 shares during the period. Institutional investors own 53.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on T shares. Barclays raised 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 note on Wednesday, January 31st. Wells Fargo & Company raised their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, January 19th. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and raised their target price for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.61.

Get Our Latest Report on T

AT&T Stock Down 0.2 %

Shares of AT&T stock opened at $17.27 on Tuesday. The firm’s 50 day moving average price is $17.01 and its 200-day moving average price is $16.16. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.99. The company has a market cap of $123.53 billion, a P/E ratio of 8.83, a PEG ratio of 2.53 and a beta of 0.57.

AT&T (NYSE:TGet Free Report) last issued 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 during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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