Berkeley Capital Partners LLC Trims Stake in AT&T Inc. (NYSE:T)

Berkeley Capital Partners LLC lowered its holdings in AT&T Inc. (NYSE:T) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,870 shares of the technology company’s stock after selling 485 shares during the period. Berkeley Capital Partners LLC’s holdings in AT&T were worth $498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in AT&T in the third quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in AT&T in the fourth quarter valued at $28,000. Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% in the 4th 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 during the period. YANKCOM Partnership purchased a new stake in shares of AT&T in the 4th quarter valued at $30,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of several research analyst reports. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Sanford C. Bernstein upped their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price target on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Trading Up 0.9 %

NYSE:T opened at $26.85 on Thursday. The stock’s 50 day moving average price is $24.93 and its 200 day moving average price is $23.20. The company has a market capitalization of $192.75 billion, a PE ratio of 18.02, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97.

AT&T (NYSE:T) last released its quarterly 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%. On average, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

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.