Verum Partners LLC Sells 6,426 Shares of AT&T Inc. (NYSE:T)

Verum Partners LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 34.8% in the 4th quarter, Holdings Channel reports. The fund owned 12,048 shares of the technology company’s stock after selling 6,426 shares during the quarter. Verum Partners LLC’s holdings in AT&T were worth $202,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of AT&T by 3.4% during the second quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock worth $4,738,520,000 after acquiring an additional 9,781,352 shares in the last quarter. Newport Trust Company LLC lifted its holdings in AT&T by 0.3% during the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock worth $3,003,971,000 after purchasing an additional 673,043 shares in the last quarter. Morgan Stanley boosted 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 purchasing an additional 29,769,976 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in AT&T by 85,003.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after buying an additional 76,746,649 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of AT&T by 2.5% during the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after buying an additional 1,828,237 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on T. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Wednesday. Tigress Financial increased their price objective on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Barclays boosted their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Citigroup upped their price objective on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.61.

AT&T Trading Up 0.7 %

Shares of NYSE T traded up $0.12 during mid-day trading on Thursday, hitting $17.67. The stock had a trading volume of 18,167,900 shares, compared to its average volume of 38,601,719. The firm has a market cap of $126.39 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 2.59 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The business has a 50 day moving average price of $17.08 and a two-hundred day moving average price of $16.26. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $19.99.

AT&T (NYSE:T) last released 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 net margin of 11.76% and a return on equity of 15.39%. AT&T’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Company 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.