AT&T Inc. (NYSE:T) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. decreased its position in AT&T Inc. (NYSE:T) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,742 shares of the technology company’s stock after selling 2,969 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in AT&T were worth $1,170,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Next Level Private LLC increased its stake in AT&T by 1.4% during the 4th quarter. Next Level Private LLC now owns 213,809 shares of the technology company’s stock worth $3,588,000 after buying an additional 3,047 shares during the period. Cultivar Capital Inc. purchased a new position in shares of AT&T in the 4th quarter valued at about $182,000. Roberts Wealth Advisors LLC grew its position in shares of AT&T by 6.7% during the fourth quarter. Roberts Wealth Advisors LLC now owns 77,947 shares of the technology company’s stock worth $1,308,000 after buying an additional 4,916 shares in the last quarter. Schechter Investment Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $269,000. Finally, Tectonic Advisors LLC raised its holdings in AT&T by 5.8% in the fourth quarter. Tectonic Advisors LLC now owns 304,473 shares of the technology company’s stock valued at $5,109,000 after acquiring an additional 16,659 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Tigress Financial upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company lifted their target price on AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.61.

AT&T Price Performance

Shares of T traded up $0.02 during mid-day trading on Thursday, reaching $17.57. 7,664,559 shares of the company’s stock were exchanged, compared to its average volume of 38,430,980. 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 $125.67 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 2.59 and a beta of 0.57. The company has a 50-day simple moving average of $17.08 and a two-hundred day simple moving average of $16.26.

AT&T (NYSE:T) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter last year, the company posted $0.61 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Profile

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.