Martin Worley Group Decreases Holdings in AT&T Inc. (NYSE:T)

Martin Worley Group lessened its stake in shares of AT&T Inc. (NYSE:T) by 12.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,114 shares of the technology company’s stock after selling 2,002 shares during the period. Martin Worley Group’s holdings in AT&T were worth $399,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Next Level Private LLC grew its holdings in AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock valued at $3,206,000 after buying an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC grew its holdings in AT&T by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock valued at $550,000 after buying an additional 384 shares in the last quarter. Kozak & Associates Inc. boosted its position in shares of AT&T by 9.4% during the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock valued at $126,000 after acquiring an additional 398 shares during the last quarter. Silver Oak Securities Incorporated boosted its position in shares of AT&T by 0.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company’s stock valued at $3,222,000 after acquiring an additional 398 shares during the last quarter. Finally, Firethorn Wealth Partners LLC boosted its position in shares of AT&T by 4.1% during the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company’s stock valued at $286,000 after acquiring an additional 399 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T stock opened at $27.65 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $27.51 and its two-hundred day simple moving average is $25.76. AT&T Inc. has a twelve month low of $17.90 and a twelve month high of $29.03. The firm has a market cap of $198.92 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 3.85 and a beta of 0.41.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on T shares. Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Scotiabank reiterated an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. Evercore ISI increased their target price on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research report on Thursday, April 24th. Wells Fargo & Company increased their target price on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.76.

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.