VSM Wealth Advisory LLC Buys New Holdings in AT&T Inc. (NYSE:T)

VSM Wealth Advisory LLC purchased a new position in AT&T Inc. (NYSE:T) during the fourth quarter, Holdings Channel reports. The fund purchased 1,923 shares of the technology company’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the fourth quarter valued at about $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its holdings 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 purchasing an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the fourth quarter worth about $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $26.85 on Thursday. The company has a market capitalization of $192.75 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. The company’s 50-day moving average is $24.93 and its 200 day moving average is $23.20.

AT&T (NYSE:T) last posted 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%. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Scotiabank raised their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. Finally, New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $26.79.

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.