Eliot Finkel Investment Counsel LLC reduced its stake in AT&T Inc. (NYSE:T) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 110,722 shares of the technology company’s stock after selling 1,410 shares during the quarter. AT&T accounts for approximately 3.5% of Eliot Finkel Investment Counsel LLC’s portfolio, making the stock its 13th biggest position. Eliot Finkel Investment Counsel LLC’s holdings in AT&T were worth $3,228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. grew its stake in shares of AT&T by 13.1% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 1,385,144 shares of the technology company’s stock valued at $54,132,000 after acquiring an additional 160,538 shares in the last quarter. Red Door Wealth Management LLC acquired a new stake in shares of AT&T during the fourth quarter valued at about $1,706,000. Chartwell Investment Partners LLC grew its stake in shares of AT&T by 6.4% during the fourth quarter. Chartwell Investment Partners LLC now owns 689,287 shares of the technology company’s stock valued at $26,937,000 after acquiring an additional 41,198 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of AT&T by 0.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 63,436 shares of the technology company’s stock valued at $2,479,000 after acquiring an additional 554 shares in the last quarter. Finally, Kelman Lazarov Inc. grew its stake in shares of AT&T by 43.2% during the fourth quarter. Kelman Lazarov Inc. now owns 17,851 shares of the technology company’s stock valued at $698,000 after acquiring an additional 5,389 shares in the last quarter. Hedge funds and other institutional investors own 53.84% of the company’s stock.

In other AT&T news, Director Geoffrey Y. Yang purchased 6,754 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were bought at an average price of $29.39 per share, with a total value of $198,500.06. Following the completion of the acquisition, the director now owns 9,398 shares in the company, valued at approximately $276,207.22. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Luczo acquired 36,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were bought at an average price of $29.38 per share, for a total transaction of $1,057,680.00. The disclosure for this purchase can be found here. Insiders own 0.07% of the company’s stock.

NYSE T traded up $0.13 during trading hours on Monday, reaching $30.98. The company’s stock had a trading volume of 16,426,762 shares, compared to its average volume of 34,408,444. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $29.95 and a 200 day simple moving average of $35.04. AT&T Inc. has a 52 week low of $26.08 and a 52 week high of $39.70. The stock has a market cap of $222.55 billion, a PE ratio of 15.73, a PEG ratio of 1.70 and a beta of 0.72.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.01). The business had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $44.75 billion. AT&T had a net margin of 8.05% and a return on equity of 13.27%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. As a group, equities analysts predict that AT&T Inc. will post 3.29 EPS for the current year.

Several analysts have recently weighed in on the company. Raymond James downgraded AT&T from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Wells Fargo & Co lowered their target price on AT&T from $36.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, April 3rd. Deutsche Bank reduced their price target on shares of AT&T from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Cowen cut shares of AT&T from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $43.00 to $37.00 in a research report on Monday, March 23rd. Finally, DZ Bank cut shares of AT&T from a “hold” rating to a “sell” rating and set a $26.00 price target on the stock. in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $36.02.

AT&T Company 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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