First American Trust FSB Lowers Stake in AT&T Inc. (NYSE:T)

First American Trust FSB trimmed its position in AT&T Inc. (NYSE:T) by 25.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,356 shares of the technology company’s stock after selling 3,868 shares during the quarter. First American Trust FSB’s holdings in AT&T were worth $259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in AT&T in the third quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter worth $28,000. Tradewinds Capital Management LLC raised its stake 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 acquiring an additional 430 shares during the period. YANKCOM Partnership purchased a new stake in AT&T during the 4th quarter worth $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T in the 4th quarter valued at $34,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the subject of several analyst reports. Scotiabank upped their target price on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T Trading Up 1.3 %

NYSE T opened at $27.30 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. The company has a 50-day simple moving average of $25.35 and a 200-day simple moving average of $23.40. The firm has a market capitalization of $195.96 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued 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%. On average, equities analysts forecast 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.