AT&T Inc. (NYSE:T) Shares Sold by S.A. Mason LLC

S.A. Mason LLC decreased its stake in shares of AT&T Inc. (NYSE:T) by 32.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,218 shares of the technology company’s stock after selling 3,053 shares during the quarter. S.A. Mason LLC’s holdings in AT&T were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of AT&T by 2.2% in the second quarter. BlackRock Inc. now owns 534,767,576 shares of the technology company’s stock valued at $8,529,543,000 after acquiring an additional 11,639,588 shares during the period. State Street Corp lifted its holdings in shares of AT&T by 3.4% during the second quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock worth $4,738,520,000 after purchasing an additional 9,781,352 shares during the period. Newport Trust Company LLC grew its position in AT&T by 0.3% in the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after buying an additional 673,043 shares during the last quarter. Morgan Stanley raised its position in AT&T by 37.3% during the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after buying an additional 29,769,976 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in AT&T by 85,003.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after purchasing an additional 76,746,649 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE T opened at $17.58 on Thursday. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $19.99. The company has a market cap of $125.71 billion, a PE ratio of 8.97, a P/E/G ratio of 2.59 and a beta of 0.57. The stock has a 50 day simple moving average of $17.08 and a 200-day simple moving average of $16.26. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on T shares. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Citigroup raised their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $21.61.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.