Jacobs & Co. CA Has $1.27 Million Position in AT&T Inc. (NYSE:T)

Jacobs & Co. CA lowered its position in AT&T Inc. (NYSE:T) by 58.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 75,534 shares of the technology company’s stock after selling 105,706 shares during the quarter. Jacobs & Co. CA’s holdings in AT&T were worth $1,267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carmel Capital Partners LLC increased its position in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares during the period. Lipe & Dalton acquired a new stake in AT&T during the 3rd quarter valued at approximately $30,000. Ramirez Asset Management Inc. bought a new position in shares of AT&T during the 3rd quarter worth approximately $30,000. FWL Investment Management LLC bought a new position in shares of AT&T during the 4th quarter worth approximately $31,000. Finally, Financial Freedom LLC bought a new position in shares of AT&T during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Wednesday. Tigress Financial increased their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.61.

AT&T Trading Up 2.3 %

NYSE T opened at $17.58 on Thursday. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.99. The firm has a market capitalization of $125.71 billion, a P/E ratio of 8.97, a PEG ratio of 2.59 and a beta of 0.57. The business has a fifty day simple moving average of $17.08 and a 200 day simple moving average of $16.26. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. During the same period in the prior year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.