AT&T Inc. (NYSE:T) Shares Sold by Madison Wealth Partners Inc

Madison Wealth Partners Inc lowered its position in shares of AT&T Inc. (NYSE:T) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,023 shares of the technology company’s stock after selling 976 shares during the quarter. Madison Wealth Partners Inc’s holdings in AT&T were worth $342,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Assetmark Inc. lifted its holdings in shares of AT&T by 62.0% in the 3rd quarter. Assetmark Inc. now owns 194,924 shares of the technology company’s stock valued at $4,288,000 after buying an additional 74,607 shares during the period. Venturi Wealth Management LLC increased its stake in shares of AT&T by 35.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 15,038 shares of the technology company’s stock valued at $331,000 after purchasing an additional 3,948 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of AT&T by 1.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 50,033 shares of the technology company’s stock valued at $1,101,000 after purchasing an additional 662 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of AT&T by 9.0% in the 3rd quarter. Harbour Investments Inc. now owns 142,186 shares of the technology company’s stock valued at $3,128,000 after purchasing an additional 11,713 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in shares of AT&T in the 3rd quarter valued at about $284,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $25.72 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 company has a market cap of $184.59 billion, a P/E ratio of 17.26, a PEG 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 company has a 50-day moving average price of $24.52 and a 200 day moving average price of $22.96.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their price target on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.