Heritage Wealth Advisors Grows Stock Position in AT&T Inc. (NYSE:T)

Heritage Wealth Advisors boosted its stake in shares of AT&T Inc. (NYSE:T) by 24.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,836 shares of the technology company’s stock after acquiring an additional 751 shares during the period. Heritage Wealth Advisors’ holdings in AT&T were worth $87,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Graney & King LLC acquired a new stake in shares of AT&T in the 4th quarter valued at $249,000. Ausdal Financial Partners Inc. raised its stake in AT&T by 22.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 99,968 shares of the technology company’s stock valued at $2,276,000 after buying an additional 18,653 shares in the last quarter. TrueMark Investments LLC purchased a new stake in AT&T during the 4th quarter worth about $2,697,000. Financial Engines Advisors L.L.C. boosted its position in shares of AT&T by 58.4% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 25,546 shares of the technology company’s stock worth $582,000 after acquiring an additional 9,418 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its holdings in shares of AT&T by 4.5% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 13,892 shares of the technology company’s stock valued at $316,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on T. JPMorgan Chase & Co. boosted their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays upped their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Performance

Shares of T stock opened at $27.65 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a 50 day simple moving average of $25.46 and a 200-day simple moving average of $23.43. The company has a market cap of $198.48 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97.

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

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.