Signature Estate & Investment Advisors LLC Sells 602 Shares of AT&T Inc. (NYSE:T)

Signature Estate & Investment Advisors LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,411 shares of the technology company’s stock after selling 602 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in AT&T were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. TIAA Trust National Association raised its stake in AT&T by 1.8% during the 4th quarter. TIAA Trust National Association now owns 229,986 shares of the technology company’s stock worth $5,237,000 after buying an additional 4,081 shares during the period. FineMark National Bank & Trust increased its holdings in shares of AT&T by 1.7% in the fourth quarter. FineMark National Bank & Trust now owns 32,057 shares of the technology company’s stock worth $730,000 after acquiring an additional 549 shares in the last quarter. Ashton Thomas Securities LLC raised its position in shares of AT&T by 30.6% during the fourth quarter. Ashton Thomas Securities LLC now owns 48,170 shares of the technology company’s stock worth $1,096,000 after purchasing an additional 11,283 shares during the period. GQG Partners LLC lifted its holdings in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. Finally, Modern Wealth Management LLC grew its position in shares of AT&T by 10.2% in the 4th quarter. Modern Wealth Management LLC now owns 73,504 shares of the technology company’s stock valued at $1,827,000 after purchasing an additional 6,794 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on T shares. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Barclays upped their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Citigroup upped their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One research 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. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Up 1.2 %

AT&T stock opened at $27.65 on Thursday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97. The firm has a market capitalization of $198.48 billion, a PE ratio of 18.56, a P/E/G ratio of 3.00 and a beta of 0.56. The company’s 50-day moving average is $25.46 and its 200-day moving average is $23.43. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share 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.