Paragon Capital Management LLC Trims Stock Position in AT&T Inc. (NYSE:T)

Paragon Capital Management LLC decreased its position in AT&T Inc. (NYSE:T) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 10,500 shares of the technology company’s stock after selling 400 shares during the quarter. Paragon Capital Management LLC’s holdings in AT&T were worth $239,000 at the end of the most recent quarter.

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

AT&T Trading Down 0.3 %

Shares of AT&T stock opened at $26.77 on Friday. AT&T Inc. has a 52-week low of $15.94 and a 52-week 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. The stock has a market capitalization of $192.14 billion, a P/E ratio of 17.96, a P/E/G ratio of 3.00 and a beta of 0.56. The stock’s 50-day simple moving average is $25.02 and its 200 day simple moving average is $23.23.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. As a group, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Ratings Changes

T has been the subject of several analyst reports. 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 target for the company. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Barclays increased their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Thursday, January 16th. Finally, UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

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.