Foundation Wealth Management LLC PA Makes New Investment in AT&T Inc. (NYSE:T)

Foundation Wealth Management LLC PA bought a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,894 shares of the technology company’s stock, valued at approximately $453,000.

Several other institutional investors have also recently made changes to their positions in T. Legacy Investment Solutions LLC purchased a new position in AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter valued at $28,000. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC increased its stake in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T during the 4th quarter valued at about $34,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. Royal Bank of Canada raised their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. UBS Group increased their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer began coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Performance

Shares of AT&T stock opened at $27.65 on Thursday. The firm has a market capitalization of $198.48 billion, a P/E ratio of 18.56, a PEG ratio of 3.00 and a beta of 0.56. 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 company has a 50 day moving average price of $25.46 and a 200 day moving average price of $23.43.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts expect 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.