Atlanta Consulting Group Advisors LLC Sells 30,267 Shares of AT&T Inc. (NYSE:T)

Atlanta Consulting Group Advisors LLC decreased its stake in AT&T Inc. (NYSE:T) by 73.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,818 shares of the technology company’s stock after selling 30,267 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in AT&T were worth $246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in T. International Assets Investment Management LLC bought a new position in shares of AT&T during the fourth quarter valued at $14,700,000. Swiss National Bank raised its stake in shares of AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after acquiring an additional 104,700 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after acquiring an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp raised its stake in shares of AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after acquiring an additional 21,927 shares during the last quarter. Finally, Caprock Group LLC raised its stake in shares of AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after acquiring an additional 30,281 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 2.0 %

AT&T stock opened at $26.61 on Monday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The firm has a market capitalization of $190.98 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The firm’s fifty day moving average price is $24.66 and its two-hundred day moving average price is $23.08. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. On average, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. UBS Group increased their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.74.

About AT&T

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.