AT&T Inc. (NYSE:T) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its holdings in AT&T Inc. (NYSE:T) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 654,343 shares of the technology company’s stock after selling 27,104 shares during the period. Elo Mutual Pension Insurance Co’s holdings in AT&T were worth $14,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in AT&T by 8.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,400,762 shares of the technology company’s stock worth $258,455,000 after purchasing an additional 930,271 shares during the period. Korea Investment CORP increased its stake in AT&T by 17.5% during the 4th quarter. Korea Investment CORP now owns 5,369,334 shares of the technology company’s stock worth $122,260,000 after buying an additional 798,622 shares during the period. Foundation Wealth Management LLC PA acquired a new stake in AT&T during the 4th quarter worth approximately $453,000. Tyler Stone Wealth Management boosted its position in AT&T by 11.0% in the 4th quarter. Tyler Stone Wealth Management now owns 50,320 shares of the technology company’s stock valued at $1,146,000 after buying an additional 4,971 shares during the period. Finally, Heritage Wealth Advisors grew its stake in shares of AT&T by 24.3% in the fourth quarter. Heritage Wealth Advisors now owns 3,836 shares of the technology company’s stock worth $87,000 after acquiring an additional 751 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Up 1.2 %

NYSE T opened at $27.65 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $198.48 billion, a P/E ratio of 18.56, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The firm has a 50-day moving average price of $25.46 and a 200 day moving average price of $23.43.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

T has been the topic of a number of analyst reports. Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Scotiabank raised their target price on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. Finally, The Goldman Sachs Group raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.79.

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.