NEOS Investment Management LLC Has $10.07 Million Holdings in AT&T Inc. (NYSE:T)

NEOS Investment Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 31.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 442,279 shares of the technology company’s stock after buying an additional 106,944 shares during the period. NEOS Investment Management LLC’s holdings in AT&T were worth $10,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new stake in AT&T in the third quarter worth approximately $25,000. Marshall Investment Management LLC bought a new position in AT&T during the fourth quarter valued at about $28,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% during the 4th 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 in the last quarter. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter valued at about $30,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the 4th quarter valued at approximately $34,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on T. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Scotiabank lifted their price target on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada increased their price target on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $26.79.

AT&T Price Performance

Shares of T stock opened at $27.65 on Thursday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The stock has a market capitalization of $198.48 billion, a PE ratio of 18.56, a PEG ratio of 3.00 and a beta of 0.56. 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 stock’s fifty day moving average is $25.46 and its 200-day moving average is $23.43.

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, topping 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%. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

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.