Retirement Planning Co of New England Inc. Has $274,000 Holdings in AT&T Inc. (NYSE:T)

Retirement Planning Co of New England Inc. lifted its stake in shares of AT&T Inc. (NYSE:T) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,018 shares of the technology company’s stock after acquiring an additional 967 shares during the period. Retirement Planning Co of New England Inc.’s holdings in AT&T were worth $274,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter worth about $28,000. Tradewinds Capital Management LLC boosted its stake 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 acquiring an additional 430 shares in the last quarter. YANKCOM Partnership bought a new stake in AT&T during the 4th quarter valued at approximately $30,000. Finally, Endeavor Private Wealth Inc. acquired a new position in AT&T in the 4th quarter valued at approximately $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.8 %

Shares of AT&T stock opened at $26.60 on Wednesday. AT&T Inc. has a 12 month low of $15.94 and a 12 month 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 stock has a market cap of $190.97 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The business has a fifty day simple moving average of $24.84 and a 200 day simple moving average of $23.18.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on T shares. Sanford C. Bernstein upped their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. UBS Group increased their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. Finally, The Goldman Sachs Group raised their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.