Atlas Wealth LLC Has $413,000 Stake in AT&T Inc. (NYSE:T)

Atlas Wealth LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,116 shares of the technology company’s stock after selling 467 shares during the period. Atlas Wealth LLC’s holdings in AT&T were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in T. Wealth Advisors of Iowa LLC acquired a new position in AT&T during the fourth quarter valued at approximately $214,000. 1620 Investment Advisors Inc. raised its position in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock valued at $596,000 after purchasing an additional 421 shares in the last quarter. Lee Danner & Bass Inc. raised its position in AT&T by 7.3% during the fourth quarter. Lee Danner & Bass Inc. now owns 34,687 shares of the technology company’s stock valued at $790,000 after purchasing an additional 2,351 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in AT&T by 30.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 99,040 shares of the technology company’s stock valued at $2,255,000 after purchasing an additional 23,081 shares in the last quarter. Finally, Holderness Investments Co. raised its position in AT&T by 1.4% during the fourth quarter. Holderness Investments Co. now owns 58,497 shares of the technology company’s stock valued at $1,332,000 after purchasing an additional 793 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on T shares. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Scotiabank boosted their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Performance

Shares of T opened at $27.04 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $194.06 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The firm’s fifty day simple moving average is $25.13 and its two-hundred day simple moving average is $23.28. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97.

AT&T (NYSE:T) last issued its quarterly 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 net margin of 8.95% and a return on equity of 13.97%. As a group, analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Company 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.