CBIZ Investment Advisory Services LLC Grows Position in AT&T Inc. (NYSE:T)

CBIZ Investment Advisory Services LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 277.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,536 shares of the technology company’s stock after acquiring an additional 2,598 shares during the quarter. CBIZ Investment Advisory Services LLC’s holdings in AT&T were worth $81,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new stake in AT&T in the third quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in AT&T in the fourth quarter valued at approximately $28,000. Tradewinds Capital Management LLC grew 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 purchasing an additional 430 shares during the last quarter. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter worth approximately $30,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on T. Royal Bank of Canada upped their price objective 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. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Finally, Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $26.74.

AT&T Stock Performance

T stock opened at $26.61 on Friday. The stock’s 50 day simple moving average is $24.66 and its 200 day simple moving average is $23.06. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97. The stock has a market capitalization of $190.98 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

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.