UniSuper Management Pty Ltd Sells 392,288 Shares of AT&T Inc. (NYSE:T)

UniSuper Management Pty Ltd lowered its stake in AT&T Inc. (NYSE:T) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,974,248 shares of the technology company’s stock after selling 392,288 shares during the period. UniSuper Management Pty Ltd’s holdings in AT&T were worth $44,954,000 as of its most recent SEC filing.

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

AT&T Stock Performance

T stock opened at $27.65 on Thursday. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. The firm has a market cap of $198.48 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a 50-day simple moving average of $25.46 and a two-hundred day simple moving average of $23.43.

AT&T (NYSE:T) last posted its 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 net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Sanford C. Bernstein lifted their target price on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. 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. Scotiabank upped their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $26.79.

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.