Parallel Advisors LLC Buys 20,485 Shares of AT&T Inc. (NYSE:T)

Parallel Advisors LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,450 shares of the technology company’s stock after buying an additional 20,485 shares during the quarter. Parallel Advisors LLC’s holdings in AT&T were worth $3,722,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in T. Assetmark Inc. grew its position 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 valued at $225,741,000 after buying an additional 9,719,036 shares during the period. Bank of New York Mellon Corp lifted its holdings in AT&T by 7.1% during 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 last quarter. Amundi lifted its holdings in AT&T by 19.8% during 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 last quarter. Geode Capital Management LLC lifted its holdings in AT&T by 2.3% during 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 last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in AT&T during the fourth quarter valued at about $65,288,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.1 %

Shares of NYSE T opened at $26.87 on Tuesday. AT&T Inc. has a one year low of $15.94 and a one year 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. The firm’s 50 day simple moving average is $24.75 and its two-hundred day simple moving average is $23.13. The stock has a market capitalization of $192.86 billion, a P/E ratio of 18.03, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued its quarterly 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, analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

T has been the topic of several recent research reports. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Royal Bank of Canada upped their price objective on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Company 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.