AT&T Inc. (NYSE:T) Shares Purchased by Renasant Bank

Renasant Bank boosted its position in shares of AT&T Inc. (NYSE:T) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,159 shares of the technology company’s stock after purchasing an additional 1,556 shares during the period. Renasant Bank’s holdings in AT&T were worth $368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of T. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in AT&T in the fourth quarter valued at $28,000. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. YANKCOM Partnership acquired a new position in shares of AT&T in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 1.4 %

T stock opened at $26.09 on Friday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97. The company’s 50 day moving average price is $24.59 and its 200 day moving average price is $22.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $187.24 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last announced its quarterly earnings data 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%. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Ratings Changes

T has been the topic of several research analyst reports. Tigress Financial boosted their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Citigroup upped their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Thursday, January 16th. Finally, DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 29th. One 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 currently has an average rating of “Moderate Buy” and a consensus price target of $26.74.

About AT&T

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.