Bailard Inc. decreased its position in shares of AT&T Inc. (NYSE:T) by 12.1% during the 4th quarter, 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.

COPYRIGHT VIOLATION NOTICE: “Bailard Inc. Sells 14,701 Shares of AT&T Inc. (T)” was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at

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.

Featured Article: What is an overbought condition?

Want to see what other hedge funds are holding T? Visit to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with's FREE daily email newsletter.