Haverford Trust Co Sells 19,703 Shares of AT&T Inc. (NYSE:T)

Haverford Trust Co trimmed its holdings in AT&T Inc. (NYSE:T) by 29.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 46,495 shares of the technology company’s stock after selling 19,703 shares during the quarter. Haverford Trust Co’s holdings in AT&T were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Towercrest Capital Management increased its position in shares of AT&T by 1.7% during the fourth quarter. Towercrest Capital Management now owns 29,776 shares of the technology company’s stock valued at $678,000 after buying an additional 496 shares during the period. Mountain Hill Investment Partners Corp. purchased a new stake in AT&T in the 4th quarter worth approximately $147,000. Crowley Wealth Management Inc. bought a new position in AT&T in the 4th quarter valued at $149,000. Vanguard Group Inc. grew its position in shares of AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock valued at $14,637,914,000 after purchasing an additional 6,220,442 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of AT&T by 8.0% in the fourth quarter. LPL Financial LLC now owns 10,152,877 shares of the technology company’s stock worth $231,181,000 after purchasing an additional 752,595 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of several recent analyst reports. Citigroup boosted their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. 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. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer began coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Price Performance

Shares of T stock opened at $26.96 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97. The firm has a market cap of $193.49 billion, a P/E ratio of 18.09, a P/E/G ratio of 3.00 and a beta of 0.56. The business’s 50 day moving average price is $25.24 and its 200-day moving average price is $23.36.

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

AT&T Company Profile

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.