Mark Sheptoff Financial Planning LLC Buys 600 Shares of AT&T Inc. (NYSE:T)

Mark Sheptoff Financial Planning LLC boosted its stake in AT&T Inc. (NYSE:T) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,892 shares of the technology company’s stock after purchasing an additional 600 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in AT&T were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in AT&T during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC lifted its stake in 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 period. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of several research analyst reports. JPMorgan Chase & Co. raised 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. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Tigress Financial raised 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. Finally, Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

AT&T Trading Up 1.3 %

AT&T stock opened at $27.30 on Wednesday. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. The business’s fifty day moving average is $25.35 and its 200 day moving average is $23.40. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

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

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.