ANTIPODES PARTNERS Ltd Invests $65.29 Million in AT&T Inc. (NYSE:T)

ANTIPODES PARTNERS Ltd purchased a new position in AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,867,064 shares of the technology company’s stock, valued at approximately $65,288,000. AT&T accounts for approximately 2.3% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 19th largest holding.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in AT&T during the third quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $28,000. Ritter Daniher Financial Advisory LLC DE lifted its position in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new stake in AT&T during the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 1.1 %

T stock opened at $25.72 on Thursday. The firm has a market cap of $184.59 billion, a PE ratio of 17.26, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm’s fifty day moving average is $24.52 and its 200 day moving average is $22.96. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Scotiabank increased their target price on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Monday, March 3rd. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Tigress Financial upped their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Citigroup upped their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One 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. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Company 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.