Compass Ion Advisors LLC Sells 4,372 Shares of AT&T Inc. (NYSE:T)

Compass Ion Advisors LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 28.5% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the 3rd quarter worth about $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC lifted its stake in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new position in AT&T in the 4th quarter worth $34,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a report on Thursday, February 13th. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Scotiabank increased their price target on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. Finally, Tigress Financial upped their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

AT&T Stock Performance

T opened at $26.85 on Thursday. The company has a market cap of $192.75 billion, a P/E ratio of 18.02, a price-to-earnings-growth 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. The firm’s 50-day moving average price is $24.93 and its 200-day moving average price is $23.20. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal 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.