AT&T Inc. (NYSE:T) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in AT&T Inc. (NYSE:T) by 0.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,068,664 shares of the technology company’s stock after acquiring an additional 12,587 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AT&T were worth $92,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CFO4Life Group LLC lifted its stake in AT&T by 2.1% in the 4th quarter. CFO4Life Group LLC now owns 30,947 shares of the technology company’s stock worth $705,000 after purchasing an additional 647 shares in the last quarter. PGGM Investments increased its holdings in shares of AT&T by 1.4% in the fourth quarter. PGGM Investments now owns 489,778 shares of the technology company’s stock valued at $11,152,000 after purchasing an additional 6,932 shares during the last quarter. Erste Asset Management GmbH lifted its position in AT&T by 0.9% during the fourth quarter. Erste Asset Management GmbH now owns 1,028,092 shares of the technology company’s stock worth $23,502,000 after buying an additional 9,521 shares in the last quarter. Achmea Investment Management B.V. boosted its stake in AT&T by 35.6% during the fourth quarter. Achmea Investment Management B.V. now owns 2,016,986 shares of the technology company’s stock worth $45,926,000 after buying an additional 530,059 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in AT&T in the 4th quarter valued at $65,288,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $26.09 on Friday. The firm has a 50 day moving average of $24.59 and a two-hundred day moving average of $22.98. The stock has a market capitalization of $187.24 billion, a PE ratio of 17.51, a P/E/G ratio of 3.00 and a beta of 0.56. 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 Inc. has a 52 week low of $15.94 and a 52 week high of $27.97.

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

Wall Street Analyst Weigh In

T has been the topic of several analyst reports. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Citigroup lifted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada increased their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.74.

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.