AT&T Inc. (NYSE:T) Shares Sold by LFA Lugano Financial Advisors SA

LFA Lugano Financial Advisors SA cut its holdings in shares of AT&T Inc. (NYSE:T) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,800 shares of the technology company’s stock after selling 1,200 shares during the period. LFA Lugano Financial Advisors SA’s holdings in AT&T were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. Erste Asset Management GmbH lifted its position in AT&T by 0.9% during the 4th quarter. Erste Asset Management GmbH now owns 1,028,092 shares of the technology company’s stock worth $23,502,000 after acquiring an additional 9,521 shares during the period. Achmea Investment Management B.V. lifted its holdings in shares of AT&T by 35.6% during the fourth quarter. Achmea Investment Management B.V. now owns 2,016,986 shares of the technology company’s stock worth $45,926,000 after purchasing an additional 530,059 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in AT&T in the 4th quarter valued at $65,288,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in AT&T in the 4th quarter valued at $13,706,000. Finally, Rakuten Securities Inc. raised its position in AT&T by 43.9% during the 4th quarter. Rakuten Securities Inc. now owns 15,597 shares of the technology company’s stock worth $355,000 after buying an additional 4,756 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 1.1 %

NYSE:T opened at $25.72 on Thursday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The firm has a market capitalization of $184.59 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average of $24.52 and a 200-day moving average of $22.96.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

T has been the topic of several analyst reports. Sanford C. Bernstein lifted their target price 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. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group upped their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Barclays lifted their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.74.

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.