AT&T Inc. (NYSE:T) Position Boosted by Modern Wealth Management LLC

Modern Wealth Management LLC boosted its holdings in AT&T Inc. (NYSE:T) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,504 shares of the technology company’s stock after acquiring an additional 6,794 shares during the quarter. Modern Wealth Management LLC’s holdings in AT&T were worth $1,827,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in T. 1620 Investment Advisors Inc. lifted its position in AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares during the last quarter. Whittier Trust Co. lifted its position in shares of AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock worth $1,352,000 after purchasing an additional 433 shares in the last quarter. Wealthstream Advisors Inc. grew its stake in shares of AT&T by 3.7% during the fourth 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. Finally, Northeast Investment Management increased its holdings in shares of AT&T by 0.9% in the fourth 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 in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.3 %

Shares of T stock opened at $27.30 on Wednesday. AT&T Inc. has a 12-month low of $15.94 and a 12-month 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 firm has a fifty day moving average of $25.35 and a 200-day moving average of $23.40. The company has a market capitalization of $195.96 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.56.

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

Analyst Ratings Changes

T has been the topic of a number of recent research reports. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group raised their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Royal Bank of Canada boosted their price objective on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.79.

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.