Leelyn Smith LLC Has $490,000 Position in AT&T Inc. (NYSE:T)

Leelyn Smith LLC lowered its holdings in AT&T Inc. (NYSE:T) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,518 shares of the technology company’s stock after selling 624 shares during the period. Leelyn Smith LLC’s holdings in AT&T were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in AT&T in the fourth quarter valued at $28,000. YANKCOM Partnership bought a new stake in AT&T in the fourth quarter valued at $30,000. Tradewinds Capital Management LLC raised its stake in AT&T by 48.6% during 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 in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on T. Citigroup increased their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Barclays upped their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. Finally, Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T Price Performance

Shares of T stock opened at $26.87 on Tuesday. The firm’s 50 day moving average price is $24.75 and its two-hundred day moving average price is $23.13. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The stock has a market cap of $192.86 billion, a PE ratio of 18.03, a PEG ratio of 3.00 and a beta of 0.56.

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

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.