AT&T Inc. (NYSE:T) Shares Acquired by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. grew its holdings in AT&T Inc. (NYSE:T) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,687 shares of the technology company’s stock after buying an additional 2,351 shares during the period. Lee Danner & Bass Inc.’s holdings in AT&T were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of T. Legacy Investment Solutions LLC acquired a new stake in AT&T during the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth about $28,000. YANKCOM Partnership purchased a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE:T opened at $27.04 on Friday. The firm’s fifty day moving average price is $25.13 and its 200 day moving average price is $23.28. AT&T Inc. has a 1-year low of $15.94 and a 1-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 has a market cap of $194.06 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share 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, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

T has been the subject of several recent research reports. Royal Bank of Canada raised their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Barclays raised their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T 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.