PDS Planning Inc Acquires 1,470 Shares of AT&T Inc. (NYSE:T)

PDS Planning Inc increased its holdings in shares of AT&T Inc. (NYSE:T) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 33,050 shares of the technology company’s stock after purchasing an additional 1,470 shares during the period. PDS Planning Inc’s holdings in AT&T were worth $753,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Retirement Planning Co of New England Inc. lifted its position in AT&T by 8.8% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 12,018 shares of the technology company’s stock worth $274,000 after acquiring an additional 967 shares during the last quarter. Mystic Asset Management Inc. acquired a new stake in AT&T during the fourth quarter worth approximately $333,000. RD Lewis Holdings Inc. acquired a new stake in AT&T during the fourth quarter worth approximately $346,000. BlackDiamond Wealth Management LLC acquired a new stake in AT&T during the fourth quarter worth approximately $250,000. Finally, Edgemoor Investment Advisors Inc. lifted its position in AT&T by 3.1% during the fourth quarter. Edgemoor Investment Advisors Inc. now owns 290,193 shares of the technology company’s stock worth $6,608,000 after acquiring an additional 8,709 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on T. Royal Bank of Canada raised their price objective on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Citigroup raised their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Stock Performance

Shares of NYSE:T opened at $26.87 on Tuesday. The company’s 50 day simple moving average is $24.75 and its 200 day simple moving average is $23.13. The stock has a market capitalization of $192.86 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97.

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