AT&T Inc. (NYSE:T) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. reduced its position in shares of AT&T Inc. (NYSE:T) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,804 shares of the technology company’s stock after selling 5,010 shares during the period. Tocqueville Asset Management L.P.’s holdings in AT&T were worth $2,865,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in T. Geode Capital Management LLC boosted its stake in AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after acquiring an additional 3,630,972 shares during the period. Bank of New York Mellon Corp boosted its position in AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the period. FMR LLC grew its stake in AT&T by 1.9% during the 3rd quarter. FMR LLC now owns 60,986,064 shares of the technology company’s stock worth $1,341,693,000 after buying an additional 1,149,688 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in AT&T by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 53,057,676 shares of the technology company’s stock worth $1,208,123,000 after buying an additional 414,984 shares during the period. Finally, Amundi lifted its stake in AT&T by 19.8% in the fourth quarter. Amundi now owns 33,963,826 shares of the technology company’s stock valued at $753,318,000 after buying an additional 5,614,168 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE:T opened at $26.60 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. The company has a market capitalization of $190.97 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock has a fifty day moving average of $24.84 and a 200-day moving average of $23.18. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

T has been the topic of a number of analyst reports. Tigress Financial increased their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Argus upgraded 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 Thursday, January 16th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. raised their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. One equities research 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.