Baxter Bros Inc. Sells 2,714 Shares of AT&T Inc. (NYSE:T)

Baxter Bros Inc. trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 33,847 shares of the technology company’s stock after selling 2,714 shares during the period. Baxter Bros Inc.’s holdings in AT&T were worth $771,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in AT&T during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in AT&T during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC raised its holdings in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on T. Royal Bank of Canada lifted their price target on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Tigress Financial raised their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.79.

AT&T Price Performance

T stock opened at $26.96 on Tuesday. The stock has a market cap of $193.49 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $23.36. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. Research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal 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.