Signature Estate & Investment Advisors LLC Has $715,000 Stock Holdings in AT&T Inc. (NYSE:T)

Signature Estate & Investment Advisors LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,411 shares of the technology company’s stock after selling 602 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in AT&T were worth $715,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. 1620 Investment Advisors Inc. increased its stake in AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after acquiring an additional 421 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares in the last quarter. Whittier Trust Co. increased its position in shares of AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock worth $1,352,000 after purchasing an additional 433 shares during the period. Wealthstream Advisors Inc. raised its stake in AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock valued at $282,000 after purchasing an additional 444 shares in the last quarter. Finally, Northeast Investment Management lifted its position in AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 451 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

Shares of T opened at $27.65 on Thursday. The stock’s 50-day moving average price is $25.46 and its two-hundred day moving average price is $23.43. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The company has a market capitalization of $198.48 billion, a PE ratio of 18.56, a PEG ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on T. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. Royal Bank of Canada boosted their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Barclays upped their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Citigroup lifted their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

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.