Buckley Wealth Management LLC Decreases Stock Holdings in AT&T Inc. (NYSE:T)

Buckley Wealth Management LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 14.8% during the 4th quarter, Holdings Channel reports. The fund owned 137,700 shares of the technology company’s stock after selling 24,000 shares during the period. AT&T makes up approximately 0.8% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. Buckley Wealth Management LLC’s holdings in AT&T were worth $2,311,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of T. Sora Investors LLC bought a new position in shares of AT&T during the 3rd quarter valued at approximately $11,265,000. Robeco Institutional Asset Management B.V. increased its position in shares of AT&T by 2.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock valued at $259,219,000 after purchasing an additional 383,015 shares during the last quarter. Checchi Capital Advisers LLC grew its position in AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock valued at $585,000 after acquiring an additional 1,178 shares during the last quarter. Terril Brothers Inc. grew its position in AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after acquiring an additional 202,637 shares during the last quarter. Finally, Marshall Wace LLP grew its position in AT&T by 336.5% in the 2nd quarter. Marshall Wace LLP now owns 1,439,745 shares of the technology company’s stock valued at $22,964,000 after acquiring an additional 1,109,925 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 2.3 %

AT&T stock traded up $0.39 during midday trading on Wednesday, reaching $17.58. The company’s stock had a trading volume of 37,479,265 shares, compared to its average volume of 38,919,758. The stock’s 50-day simple moving average is $17.08 and its 200-day simple moving average is $16.26. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.99. The stock has a market capitalization of $125.71 billion, a P/E ratio of 8.94, a PEG ratio of 2.58 and a beta of 0.57.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share 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 analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, sell-side analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

Analyst Ratings Changes

T has been the topic of several research analyst reports. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Friday, January 19th. Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Tigress Financial increased their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company increased their price target on AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $21.61.

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.