AT&T Inc. (NYSE:T) Shares Purchased by Premier Fund Managers Ltd

Premier Fund Managers Ltd boosted its holdings in shares of AT&T Inc. (NYSE:T) by 32.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 453,100 shares of the technology company’s stock after buying an additional 111,100 shares during the quarter. Premier Fund Managers Ltd’s holdings in AT&T were worth $10,242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in AT&T in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth $28,000. Tradewinds Capital Management LLC lifted its stake in shares of AT&T by 48.6% during the fourth 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. YANKCOM Partnership purchased a new stake in shares of AT&T during the fourth quarter valued at $30,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the 4th quarter valued at $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on T. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. DZ Bank upgraded 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. The Goldman Sachs Group lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. One research 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 company’s stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Up 2.0 %

Shares of T opened at $28.20 on Friday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.42. 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 stock has a fifty day simple moving average of $25.59 and a two-hundred day simple moving average of $23.47. The company has a market capitalization of $202.41 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

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.