Millstone Evans Group LLC Makes New $575,000 Investment in AT&T Inc. (NYSE:T)

Millstone Evans Group LLC purchased a new position in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,267 shares of the technology company’s stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Geode Capital Management LLC raised its stake in shares of AT&T by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after buying an additional 3,630,972 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after buying an additional 5,649,277 shares during the last quarter. FMR LLC raised its stake in shares of AT&T by 1.9% during the 3rd quarter. FMR LLC now owns 60,986,064 shares of the technology company’s stock valued at $1,341,693,000 after buying an additional 1,149,688 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of AT&T by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 53,057,676 shares of the technology company’s stock valued at $1,208,123,000 after buying an additional 414,984 shares during the last quarter. Finally, Amundi raised its stake in shares of AT&T by 19.8% during the 4th quarter. Amundi now owns 33,963,826 shares of the technology company’s stock valued at $753,318,000 after buying an additional 5,614,168 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.9 %

Shares of NYSE T opened at $27.04 on Friday. The firm has a market cap of $194.06 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The business’s 50 day moving average is $25.13 and its two-hundred day moving average is $23.28.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on T shares. Citigroup lifted their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays lifted their price objective on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. Finally, Tigress Financial lifted their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.79.

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.