Sfmg LLC Raises Position in AT&T Inc. (NYSE:T)

Sfmg LLC increased its holdings in AT&T Inc. (NYSE:T) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,141 shares of the technology company’s stock after purchasing an additional 1,736 shares during the quarter. Sfmg LLC’s holdings in AT&T were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Intellus Advisors LLC purchased a new position in shares of AT&T in the fourth quarter valued at about $476,000. Sei Investments Co. increased its position in shares of AT&T by 9.1% in the fourth quarter. Sei Investments Co. now owns 3,605,546 shares of the technology company’s stock valued at $82,098,000 after acquiring an additional 299,837 shares during the period. American Century Companies Inc. increased its position in shares of AT&T by 8.2% in the fourth quarter. American Century Companies Inc. now owns 6,907,407 shares of the technology company’s stock valued at $157,282,000 after acquiring an additional 521,352 shares during the period. Mizuho Securities USA LLC increased its position in shares of AT&T by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 680,055 shares of the technology company’s stock valued at $15,485,000 after acquiring an additional 215,103 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of AT&T in the fourth quarter valued at about $392,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.9 %

NYSE:T opened at $27.04 on Friday. The company’s 50 day moving average price is $25.13 and its 200-day moving average price is $23.28. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock 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.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on T. Barclays boosted their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target 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.