Smith Moore & CO. lowered its holdings in AT&T Inc. (NYSE:T) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,593 shares of the technology company’s stock after selling 19,398 shares during the quarter. AT&T accounts for 1.0% of Smith Moore & CO.’s holdings, making the stock its 20th biggest position. Smith Moore & CO.’s holdings in AT&T were worth $3,613,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in T. Oregon Public Employees Retirement Fund increased its stake in shares of AT&T by 6,759.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 96,680,677 shares of the technology company’s stock worth $3,388,000 after acquiring an additional 95,271,251 shares during the period. BlackRock Inc. increased its stake in shares of AT&T by 4.0% in the fourth quarter. BlackRock Inc. now owns 454,818,786 shares of the technology company’s stock worth $12,980,526,000 after acquiring an additional 17,703,030 shares during the period. Geode Capital Management LLC increased its stake in shares of AT&T by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 92,792,834 shares of the technology company’s stock worth $2,643,990,000 after acquiring an additional 7,017,620 shares during the period. Vanguard Group Inc increased its stake in shares of AT&T by 0.6% in the third quarter. Vanguard Group Inc now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after acquiring an additional 3,379,045 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of AT&T by 0.6% in the third quarter. Vanguard Group Inc. now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after acquiring an additional 3,379,045 shares during the period. Hedge funds and other institutional investors own 53.02% of the company’s stock.
A number of analysts have recently weighed in on T shares. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. ValuEngine lowered shares of AT&T from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Finally, Desjardins reiterated an “average” rating and issued a $56.50 price objective on shares of AT&T in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.35.
T stock opened at $32.29 on Friday. The firm has a market cap of $234.85 billion, a P/E ratio of 9.17, a PEG ratio of 2.01 and a beta of 0.55. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.84. AT&T Inc. has a one year low of $26.80 and a one year high of $34.30.
AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. The company had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. Research analysts predict that AT&T Inc. will post 3.58 earnings per share for the current year.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
Further Reading: What is total return in investing?
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.