TD Private Client Wealth LLC Sells 23,069 Shares of AT&T Inc. (NYSE:T)

TD Private Client Wealth LLC lowered its position in AT&T Inc. (NYSE:T) by 11.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 174,246 shares of the technology company’s stock after selling 23,069 shares during the period. TD Private Client Wealth LLC’s holdings in AT&T were worth $3,968,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of T. Legacy Investment Solutions LLC bought a new position in AT&T in the 3rd quarter worth $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T during the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the 4th quarter valued at about $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE:T opened at $27.04 on Friday. The firm has a market cap of $194.06 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The firm’s 50 day simple moving average is $25.13 and its 200-day simple moving average is $23.28. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. 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 (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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 predict that AT&T Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

T has been the subject of several research reports. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Barclays increased their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Citigroup upped their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned 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, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

AT&T 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.