EP Wealth Advisors LLC Sells 6,889 Shares of AT&T Inc. (NYSE:T)

EP Wealth Advisors LLC decreased its stake in AT&T Inc. (NYSE:T – Get Rating) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,543 shares of the technology company’s stock after selling 6,889 shares during the period. EP Wealth Advisors LLC’s holdings in AT&T were worth $2,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Industrial Alliance Investment Management Inc. acquired a new stake in shares of AT&T during the 2nd quarter worth approximately $29,000. New Millennium Group LLC bought a new stake in AT&T in the 2nd quarter valued at $34,000. Eisler Capital UK Ltd. acquired a new position in shares of AT&T in the 3rd quarter valued at $36,000. Bay Harbor Wealth Management LLC bought a new position in shares of AT&T during the 3rd quarter worth about $36,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of AT&T during the 3rd quarter valued at about $45,000. Institutional investors own 51.86% of the company’s stock.

AT&T Stock Up 0.4 %

Shares of T opened at $18.39 on Friday. The business’s fifty day moving average price is $19.23 and its two-hundred day moving average price is $18.19. AT&T Inc. has a 52 week low of $14.46 and a 52 week high of $21.53. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

AT&T (NYSE:T – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $31.30 billion for the quarter, compared to analysts’ expectations of $31.50 billion. AT&T had a positive return on equity of 14.18% and a negative net margin of 6.60%. The firm’s quarterly revenue was down 23.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. As a group, equities analysts forecast that AT&T Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley lowered shares of AT&T from an “overweight” rating to an “equal weight” rating and set a $20.00 price target for the company. in a research report on Thursday, December 15th. StockNews.com started coverage on AT&T in a research note on Thursday. They issued a “hold” rating on the stock. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Thursday, December 8th. TheStreet cut AT&T from a “b” rating to a “c” rating in a report on Wednesday, January 25th. Finally, Credit Suisse Group upped their target price on shares of AT&T from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $22.00.

AT&T Company Profile

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AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.