GWN Securities Inc. Purchases Shares of 67,136 AT&T Inc. (NYSE:T)

GWN Securities Inc. purchased a new stake in AT&T Inc. (NYSE:T) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 67,136 shares of the technology company’s stock, valued at approximately $1,525,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of T. Curi RMB Capital LLC raised its holdings in AT&T by 71.2% during the 3rd 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 during the period. OneDigital Investment Advisors LLC raised its holdings in AT&T by 10.1% during the 3rd 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 during the period. CIBC Asset Management Inc increased its holdings in shares of AT&T by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 1,150,056 shares of the technology company’s stock valued at $25,300,000 after purchasing an additional 58,585 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in shares of AT&T by 3.2% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 32,013 shares of the technology company’s stock valued at $704,000 after purchasing an additional 997 shares during the period. Finally, Natixis Advisors LLC increased its holdings in shares of AT&T by 21.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,201,609 shares of the technology company’s stock valued at $48,435,000 after purchasing an additional 393,838 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 2.0 %

T opened at $26.61 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. 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 market capitalization of $190.98 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 3.00 and a beta of 0.56. The business has a 50 day moving average of $24.66 and a 200-day moving average of $23.06.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

Analysts Set New Price Targets

T has been the topic of a number of research reports. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Royal Bank of Canada upped their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group upped their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. 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 given a strong buy rating to the company. According to MarketBeat, AT&T presently has a consensus 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.