iA Global Asset Management Inc. Has $13.78 Million Stock Holdings in AT&T Inc. (NYSE:T)

iA Global Asset Management Inc. grew its holdings in AT&T Inc. (NYSE:T) by 158.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 605,263 shares of the technology company’s stock after acquiring an additional 371,050 shares during the period. iA Global Asset Management Inc.’s holdings in AT&T were worth $13,782,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. Wealthstream Advisors Inc. boosted its stake in shares of AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock valued at $282,000 after purchasing an additional 444 shares during the last quarter. Northeast Investment Management boosted its stake in shares of AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock valued at $1,166,000 after purchasing an additional 451 shares during the last quarter. Luts & Greenleigh Group Inc. boosted its stake in shares of AT&T by 2.8% in the 4th quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock valued at $385,000 after purchasing an additional 460 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its stake in shares of AT&T by 1.4% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock valued at $759,000 after purchasing an additional 468 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $26.85 on Thursday. 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 company has a market capitalization of $192.75 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company’s 50 day moving average price is $24.93 and its two-hundred day moving average price is $23.20. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on T. Citigroup raised their target price 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. Royal Bank of Canada raised their target price on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Tigress Financial increased their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

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.