25,130 Shares in AT&T Inc. (NYSE:T) Bought by Cox Capital Mgt LLC

Cox Capital Mgt LLC acquired a new position in shares of AT&T Inc. (NYSE:T – Get Rating) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 25,130 shares of the technology company’s stock, valued at approximately $463,000.

Several other institutional investors also recently bought and sold shares of the stock. Weatherly Asset Management L. P. raised its holdings in AT&T by 1.8% during the fourth quarter. Weatherly Asset Management L. P. now owns 180,139 shares of the technology company’s stock valued at $3,316,000 after buying an additional 3,172 shares in the last quarter. Kwmg LLC raised its holdings in AT&T by 7.2% during the fourth quarter. Kwmg LLC now owns 190,224 shares of the technology company’s stock valued at $3,502,000 after buying an additional 12,805 shares in the last quarter. Apella Capital LLC raised its holdings in AT&T by 46.0% during the fourth quarter. Apella Capital LLC now owns 18,055 shares of the technology company’s stock valued at $332,000 after buying an additional 5,686 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in AT&T during the fourth quarter valued at about $5,016,000. Finally, Thomasville National Bank raised its holdings in AT&T by 4.8% during the fourth quarter. Thomasville National Bank now owns 47,859 shares of the technology company’s stock valued at $882,000 after buying an additional 2,175 shares in the last quarter. 51.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on T. TheStreet downgraded AT&T from a “b” rating to a “c” rating in a research report on Wednesday, January 25th. Wells Fargo & Company raised AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $17.00 to $22.00 in a research report on Tuesday, January 10th. Cowen raised their price target on AT&T from $24.00 to $25.00 in a research report on Thursday, January 26th. Moffett Nathanson reaffirmed an “underperform” rating and issued a $17.00 price target on shares of AT&T in a research report on Monday, December 19th. Finally, Argus raised AT&T from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Thursday, December 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $22.00.

AT&T Stock Performance

T stock traded down $0.26 during trading on Friday, reaching $18.13. 58,728,602 shares of the stock were exchanged, compared to its average volume of 33,633,379. The company has a market capitalization of $129.26 billion, a P/E ratio of -15.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. AT&T Inc. has a twelve month low of $14.46 and a twelve month high of $21.53. The stock has a 50 day simple moving average of $19.20 and a 200-day simple moving average of $18.19.

AT&T (NYSE:T – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $31.30 billion during the quarter, compared to analysts’ expectations of $31.50 billion. AT&T had a negative net margin of 6.60% and a positive return on equity of 14.18%. The company’s revenue for the quarter was down 23.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.43 earnings per share for the current year.

AT&T Company Profile

(Get Rating)

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.