Bailard Inc. decreased its position in shares of AT&T Inc. (NYSE:T) by 12.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 106,969 shares of the technology company’s stock after selling 14,701 shares during the quarter. Bailard Inc.’s holdings in AT&T were worth $3,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of T. NuWave Investment Management LLC bought a new position in shares of AT&T in the fourth quarter worth $40,000. Mackey Komara & Dankovich LLC bought a new position in shares of AT&T in the fourth quarter worth $76,000. Creative Financial Designs Inc. ADV increased its position in shares of AT&T by 86.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,696 shares of the technology company’s stock worth $77,000 after purchasing an additional 1,249 shares during the period. New Capital Management LP increased its position in shares of AT&T by 234.6% in the fourth quarter. New Capital Management LP now owns 3,349 shares of the technology company’s stock worth $96,000 after purchasing an additional 2,348 shares during the period. Finally, Stelac Advisory Services LLC bought a new position in shares of AT&T in the third quarter worth $121,000. Hedge funds and other institutional investors own 63.02% of the company’s stock.

T has been the topic of a number of recent analyst reports. Raymond James upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Friday, March 15th. They noted that the move was a valuation call. ValuEngine lowered AT&T from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Finally, Desjardins reaffirmed an “average” rating and issued a $56.50 price objective on shares of AT&T in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. AT&T has a consensus rating of “Buy” and a consensus price target of $36.32.

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

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The business had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. AT&T had a return on equity of 13.16% and a net margin of 10.59%. AT&T’s revenue was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Equities analysts predict that AT&T Inc. will post 3.59 EPS 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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