AT&T Inc. (NYSE:T) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 28.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,959 shares of the technology company’s stock after selling 4,372 shares during the period. Compass Ion Advisors LLC’s holdings in AT&T were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new stake in AT&T in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in AT&T during the fourth quarter valued at $28,000. YANKCOM Partnership purchased a new position in AT&T in the fourth quarter valued at $30,000. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the 4th quarter worth about $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T opened at $26.85 on Thursday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The stock’s fifty day moving average is $24.93 and its two-hundred day moving average is $23.20. The company has a market capitalization of $192.75 billion, a P/E ratio of 18.02, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

T has been the subject of a number of analyst reports. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. Citigroup upped their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. Finally, Tigress Financial lifted their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.79.

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.