AT&T Inc. $T Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC decreased its holdings in AT&T Inc. (NYSE:T) by 0.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 193,820 shares of the technology company’s stock after selling 1,093 shares during the quarter. AT&T makes up 1.9% of Jeppson Wealth Management LLC’s holdings, making the stock its 11th biggest holding. Jeppson Wealth Management LLC’s holdings in AT&T were worth $5,609,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in T. Brighton Jones LLC grew its holdings in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $39,000. Menard Financial Group LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $62,000. TFR Capital LLC. acquired a new stake in shares of AT&T in the fourth quarter valued at $202,000. Finally, Old North State Trust LLC raised its stake in shares of AT&T by 2.3% in the fourth quarter. Old North State Trust LLC now owns 22,344 shares of the technology company’s stock valued at $509,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Scotiabank increased their price objective on AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a research note on Friday, July 11th. Raymond James Financial reiterated a “strong-buy” rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Citigroup reiterated a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. HSBC cut shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Trading Down 1.6%

NYSE T opened at $28.34 on Thursday. The stock has a market capitalization of $202.63 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The firm has a 50 day moving average of $28.55 and a two-hundred day moving average of $27.85.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

About AT&T

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.