Bridgeworth LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 3.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 101,901 shares of the technology company’s stock after selling 3,187 shares during the quarter. AT&T comprises approximately 1.6% of Bridgeworth LLC’s holdings, making the stock its 17th largest position. Bridgeworth LLC’s holdings in AT&T were worth $2,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clear Perspective Advisors LLC increased its holdings in AT&T by 11.2% in the 4th quarter. Clear Perspective Advisors LLC now owns 26,181 shares of the technology company’s stock valued at $747,000 after purchasing an additional 2,639 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in AT&T by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 20,811 shares of the technology company’s stock valued at $594,000 after purchasing an additional 371 shares during the last quarter. Empire Life Investments Inc. increased its holdings in AT&T by 106.0% in the 4th quarter. Empire Life Investments Inc. now owns 474,533 shares of the technology company’s stock valued at $13,543,000 after purchasing an additional 244,147 shares during the last quarter. Hartford Financial Management Inc. increased its holdings in AT&T by 6.2% in the 4th quarter. Hartford Financial Management Inc. now owns 46,446 shares of the technology company’s stock valued at $1,326,000 after purchasing an additional 2,719 shares during the last quarter. Finally, Hamilton Point Investment Advisors LLC increased its holdings in AT&T by 3.7% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 94,263 shares of the technology company’s stock valued at $2,690,000 after purchasing an additional 3,389 shares during the last quarter. Institutional investors and hedge funds own 63.02% of the company’s stock.

T has been the subject of several research reports. ValuEngine downgraded shares of AT&T from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a report on Friday, March 15th. They noted that the move was a valuation call. Finally, Desjardins reiterated an “average” rating and issued a $56.50 target price on shares of AT&T in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.32.

NYSE:T opened at $31.09 on Tuesday. The firm has a market capitalization of $223.18 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.91 and a beta of 0.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.72 and a quick ratio of 0.72. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $34.53.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. The business had revenue of $44.83 billion during the quarter, compared to the consensus estimate of $45.20 billion. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, sell-side analysts anticipate that AT&T Inc. will post 3.59 earnings per share for the current fiscal year.

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AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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