Triodos Investment Management BV Reduces Stock Holdings in AT&T Inc. (NYSE:T)

Triodos Investment Management BV lessened its stake in shares of AT&T Inc. (NYSE:T) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,154,765 shares of the technology company’s stock after selling 31,000 shares during the period. AT&T accounts for 2.1% of Triodos Investment Management BV’s holdings, making the stock its 23rd biggest position. Triodos Investment Management BV’s holdings in AT&T were worth $26,294,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $14,700,000. Franklin Resources Inc. raised its position in shares of AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp grew its holdings in shares of AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after buying an additional 21,927 shares during the last quarter. Fortress Financial Solutions LLC purchased a new position in AT&T during the 4th quarter worth approximately $691,000. Finally, West Family Investments Inc. raised its stake in shares of AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after buying an additional 15,680 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 2.0 %

NYSE T opened at $28.20 on Friday. The firm has a 50 day moving average of $25.59 and a two-hundred day moving average of $23.47. The stock has a market capitalization of $202.41 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $28.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup increased their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Barclays increased their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price 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.