AT&T Inc. (NYSE:T) Shares Acquired by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. lifted its position in AT&T Inc. (NYSE:T) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,161 shares of the technology company’s stock after purchasing an additional 421 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in AT&T were worth $596,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. boosted its stake in AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock worth $225,741,000 after buying an additional 9,719,036 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the period. Amundi boosted its stake in shares of AT&T by 19.8% in the fourth quarter. Amundi now owns 33,963,826 shares of the technology company’s stock valued at $753,318,000 after purchasing an additional 5,614,168 shares during the period. Geode Capital Management LLC boosted its stake in shares of AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after purchasing an additional 3,630,972 shares during the period. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of AT&T in the fourth quarter valued at approximately $65,288,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $26.77 on Friday. The firm’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $23.23. The stock has a market capitalization of $192.14 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. 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 earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. As a group, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on T shares. Argus raised 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 note on Thursday, January 16th. Royal Bank of Canada raised their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday. Tigress Financial raised their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Scotiabank raised their target price on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. Finally, Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

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.