Community Bank N.A. Decreases Stake in AT&T Inc. (NYSE:T)

Community Bank N.A. lessened its holdings in shares of AT&T Inc. (NYSE:T) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,236 shares of the technology company’s stock after selling 1,214 shares during the period. Community Bank N.A.’s holdings in AT&T were worth $3,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in AT&T during the third quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $28,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares in the last quarter. YANKCOM Partnership purchased a new stake in AT&T during the fourth quarter worth $30,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter worth $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on T shares. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Sanford C. Bernstein upped their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Barclays upped their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

AT&T Price Performance

Shares of NYSE T opened at $27.04 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The business has a 50-day moving average of $25.13 and a 200-day moving average of $23.30. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $194.06 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, 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.