Poinciana Advisors Group LLC Takes $287,000 Position in AT&T Inc. (NYSE:T)

Poinciana Advisors Group LLC bought a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,620 shares of the technology company’s stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MQS Management LLC purchased a new position in AT&T during the third quarter worth approximately $261,000. KBC Group NV lifted its position in AT&T by 6.8% during the third quarter. KBC Group NV now owns 1,349,457 shares of the technology company’s stock worth $29,688,000 after buying an additional 85,378 shares in the last quarter. Curi RMB Capital LLC lifted its position in AT&T by 71.2% during the third quarter. Curi RMB Capital LLC now owns 22,453 shares of the technology company’s stock worth $494,000 after buying an additional 9,335 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in AT&T by 10.1% during the third quarter. OneDigital Investment Advisors LLC now owns 190,699 shares of the technology company’s stock worth $4,195,000 after buying an additional 17,469 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in AT&T by 5.4% during the third quarter. CIBC Asset Management Inc now owns 1,150,056 shares of the technology company’s stock worth $25,300,000 after buying an additional 58,585 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $26.61 on Friday. The stock’s 50-day moving average is $24.66 and its two-hundred day moving average is $23.03. 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. The company has a market cap of $190.98 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on T shares. UBS Group lifted their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Scotiabank lifted their target price on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Monday, March 3rd. The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T 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.