Ausdal Financial Partners Inc. Has $2.28 Million Stock Position in AT&T Inc. (NYSE:T)

Ausdal Financial Partners Inc. raised its holdings in shares of AT&T Inc. (NYSE:T) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,968 shares of the technology company’s stock after purchasing an additional 18,653 shares during the period. Ausdal Financial Partners Inc.’s holdings in AT&T were worth $2,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of T. TrueMark Investments LLC bought a new position in shares of AT&T in the 4th quarter worth $2,697,000. Financial Engines Advisors L.L.C. lifted its stake in AT&T by 58.4% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 25,546 shares of the technology company’s stock valued at $582,000 after buying an additional 9,418 shares during the period. Mark Sheptoff Financial Planning LLC boosted its holdings in AT&T by 4.5% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 13,892 shares of the technology company’s stock worth $316,000 after buying an additional 600 shares during the last quarter. Morey & Quinn Wealth Partners LLC acquired a new position in shares of AT&T during the 4th quarter worth about $448,000. Finally, Summitry LLC increased its stake in shares of AT&T by 3.6% in the 4th quarter. Summitry LLC now owns 242,471 shares of the technology company’s stock valued at $5,521,000 after acquiring an additional 8,425 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $27.30 on Wednesday. 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 business’s 50 day moving average price is $25.35 and its two-hundred day moving average price is $23.40. The company has a market cap of $195.96 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Tigress Financial boosted their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, The Goldman Sachs Group raised their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.