First Hawaiian Bank cut its stake in AT&T Inc. (NYSE:T) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,040 shares of the technology company’s stock after selling 1,403 shares during the quarter. First Hawaiian Bank’s holdings in AT&T were worth $1,713,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Beach Investment Management LLC. purchased a new position in AT&T during the 2nd quarter worth $1,132,000. Keystone Financial Planning Inc. grew its stake in AT&T by 2.0% during the 2nd quarter. Keystone Financial Planning Inc. now owns 163,710 shares of the technology company’s stock worth $6,177,000 after buying an additional 3,156 shares during the last quarter. Sigma Planning Corp grew its stake in AT&T by 4.2% during the 2nd quarter. Sigma Planning Corp now owns 226,080 shares of the technology company’s stock worth $8,530,000 after buying an additional 9,060 shares during the last quarter. IFC Holdings Incorporated FL grew its stake in AT&T by 4.1% during the 2nd quarter. IFC Holdings Incorporated FL now owns 173,791 shares of the technology company’s stock worth $6,560,000 after buying an additional 6,860 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in AT&T by 9.7% during the 2nd quarter. Wedbush Securities Inc. now owns 176,333 shares of the technology company’s stock worth $6,653,000 after buying an additional 15,562 shares during the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.
Several brokerages recently weighed in on T. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Monday, March 5th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 target price on the stock. in a research note on Tuesday, February 13th. Argus restated a “buy” rating and set a $36.83 target price (down from $48.00) on shares of AT&T in a research note on Wednesday, February 7th. Bank of America boosted their target price on AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company. AT&T presently has a consensus rating of “Hold” and a consensus price target of $41.82.
Shares of AT&T Inc. (NYSE T) opened at $37.36 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $229,450.00, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.57 and a beta of 0.39. AT&T Inc. has a one year low of $32.55 and a one year high of $42.70.
AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.13. The business had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. equities research analysts forecast that AT&T Inc. will post 3.47 earnings per share for the current year.
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AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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