Independent Wealth Network Inc. Has $439,000 Stake in AT&T Inc. (NYSE:T)

Independent Wealth Network Inc. lessened its position in AT&T Inc. (NYSE:TFree Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,167 shares of the technology company’s stock after selling 1,783 shares during the period. Independent Wealth Network Inc.’s holdings in AT&T were worth $439,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of T. Carmel Capital Partners LLC grew its stake in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares during the last quarter. FWL Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $31,000. Financial Freedom LLC bought a new position in shares of AT&T during the fourth quarter worth about $34,000. Lipe & Dalton bought a new position in shares of AT&T during the third quarter worth about $30,000. Finally, Ramirez Asset Management Inc. acquired a new position in shares of AT&T in the third quarter worth approximately $30,000. 53.65% of the stock is currently owned by institutional investors.

AT&T Price Performance

AT&T stock opened at $16.99 on Friday. The stock has a market cap of $121.49 billion, a P/E ratio of 8.67, a P/E/G ratio of 2.55 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $16.19. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $19.99.

AT&T (NYSE:TGet Free Report) last posted 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). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on T. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Barclays raised their price objective 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. Wells Fargo & Company lifted their price objective on shares of AT&T from $17.00 to $20.00 and gave the company 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 target price on the stock in a research note on Friday, January 19th. Finally, StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.61.

Check Out Our Latest Stock Analysis on T

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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