Parametric Portfolio Associates LLC Lowered Position in At&T INC (T) as Market Valuation Declined

May 18, 2018 - By Margarite Burden

AT&T Inc. (NYSE:T) LogoInvestors sentiment decreased to 0.91 in Q4 2017. Its down 0.26, from 1.17 in 2017Q3. It fall, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Wagner Bowman Mngmt holds 48,570 shares or 0.5% of its portfolio. 518,708 are owned by Umb State Bank N A Mo. Thompson Davis And Comm stated it has 3,525 shares or 0.32% of all its holdings. Delta Asset Ltd Tn owns 137,299 shares for 0.75% of their portfolio. Athena Advsrs Lc reported 43,523 shares stake. The New York-based Tig Advsr Ltd has invested 3.89% in AT&T Inc. (NYSE:T). Halsey Ct has invested 0.18% in AT&T Inc. (NYSE:T). Hillswick Asset Management Lc, a Connecticut-based fund reported 85,352 shares. Garland Capital Mgmt owns 105,726 shares for 2.7% of their portfolio. Parsons Capital Mngmt Inc Ri, a Rhode Island-based fund reported 130,918 shares. Jfs Wealth Advsrs Ltd Co has 31,750 shares for 0.3% of their portfolio. Motco invested 1.24% of its portfolio in AT&T Inc. (NYSE:T). Tarbox Family Office holds 0.04% or 2,301 shares in its portfolio. Massachusetts-based Martingale Asset Mngmt Lp has invested 0.31% in AT&T Inc. (NYSE:T). Rbo & Lc has invested 0.32% in AT&T Inc. (NYSE:T).

Parametric Portfolio Associates Llc decreased its stake in At&T Inc (T) by 2.22% based on its latest 2017Q4 regulatory filing with the SEC. Parametric Portfolio Associates Llc sold 353,056 shares as the company’s stock declined 10.37% with the market. The institutional investor held 15.52 million shares of the telecommunications equipment company at the end of 2017Q4, valued at $603.61 million, down from 15.88M at the end of the previous reported quarter. Parametric Portfolio Associates Llc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $196.08B market cap company. The stock decreased 1.15% or $0.37 during the last trading session, reaching $31.93. About 25.42M shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since May 18, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Parametric Portfolio Associates Llc, which manages about $100.26B US Long portfolio, upped its stake in Macy’s Inc (NYSE:M) by 196,871 shares to 1.83M shares, valued at $46.14 million in 2017Q4, according to the filing. It also increased its holding in Williams Cos Inc/The (NYSE:WMB) by 207,019 shares in the quarter, for a total of 2.35M shares, and has risen its stake in Lennar Corp (NYSE:LEN).

Analysts await AT&T Inc. (NYSE:T) to report earnings on July, 24. They expect $0.89 EPS, up 12.66 % or $0.10 from last year’s $0.79 per share. T’s profit will be $5.47 billion for 8.97 P/E if the $0.89 EPS becomes a reality. After $0.85 actual EPS reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 4.71 % EPS growth.

More notable recent AT&T Inc. (NYSE:T) news were published by: Fool.com which released: “Who Are T-Mobile’s Competition?” on May 16, 2018, also Investorplace.com with their article: “Merger Speeds Up the Comeback of T-Mobile US Inc” published on May 16, 2018, Seekingalpha.com published: “Retirement Strategy: Is It Time To Dump AT&T?” on May 11, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: 247Wallst.com and their article: “Why Short Interest in AT&T Keeps Marching Higher” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T: Time To Bail Out?” with publication date: April 27, 2018.

AT&T Inc. (NYSE:T) Ratings Coverage

Among 15 analysts covering AT&T Inc (NYSE:T), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. AT&T Inc had 19 analyst reports since November 21, 2017 according to SRatingsIntel. Nomura maintained AT&T Inc. (NYSE:T) on Tuesday, November 21 with “Buy” rating. The firm has “Outperform” rating by Raymond James given on Thursday, April 26. On Tuesday, January 2 the stock rating was maintained by KeyBanc Capital Markets with “Sector Weight”. HSBC upgraded the shares of T in report on Wednesday, March 28 to “Buy” rating. As per Thursday, April 26, the company rating was maintained by UBS. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, May 1 report. The stock of AT&T Inc. (NYSE:T) has “Outperform” rating given on Friday, March 23 by Wells Fargo. The firm has “Hold” rating by Scotia Capital given on Tuesday, January 30. As per Tuesday, November 21, the company rating was maintained by Robert W. Baird. The stock has “Hold” rating by Cowen & Co on Thursday, February 1.

AT&T Inc. (NYSE:T) Ratings Chart

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