Tyler Stone Wealth Management Purchases 4,971 Shares of AT&T Inc. (NYSE:T)

Tyler Stone Wealth Management lifted its holdings in shares of AT&T Inc. (NYSE:T) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,320 shares of the technology company’s stock after acquiring an additional 4,971 shares during the period. Tyler Stone Wealth Management’s holdings in AT&T were worth $1,146,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in T. GQG Partners LLC grew its position in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. Assetmark Inc. grew its holdings in shares of AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock worth $225,741,000 after purchasing an additional 9,719,036 shares in the last quarter. Vanguard Group Inc. grew its stake in AT&T by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock worth $14,637,914,000 after buying an additional 6,220,442 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of AT&T by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock worth $1,948,943,000 after buying an additional 5,649,277 shares during the last quarter. Finally, Amundi lifted its holdings in shares of AT&T by 19.8% during the 4th quarter. Amundi now owns 33,963,826 shares of the technology company’s stock worth $753,318,000 after acquiring an additional 5,614,168 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, January 16th. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, Tigress Financial increased their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. One equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Stock Performance

T opened at $27.30 on Wednesday. The company has a market cap of $195.96 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week 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 firm’s 50-day moving average price is $25.35 and its 200-day moving average price is $23.40.

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