Howe & Rusling Inc. Takes Position in AT&T Inc. (NYSE:T)

Howe & Rusling Inc. acquired a new position in AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,675 shares of the technology company’s stock, valued at approximately $243,000.

Other hedge funds also recently bought and sold shares of the company. 1620 Investment Advisors Inc. grew its position in shares of AT&T by 1.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after buying an additional 421 shares during the last quarter. Tradewinds Capital Management LLC grew its holdings in AT&T by 48.6% in 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 last quarter. Whittier Trust Co. increased its position in shares of AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock worth $1,352,000 after purchasing an additional 433 shares in the last quarter. Wealthstream Advisors Inc. lifted its holdings in shares of AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock valued at $282,000 after purchasing an additional 444 shares during the last quarter. Finally, Northeast Investment Management boosted its position in shares of AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on T. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. UBS Group boosted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada raised their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Finally, Barclays boosted their price objective 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. One equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Trading Up 2.0 %

Shares of NYSE:T opened at $28.20 on Friday. The company has a market capitalization of $202.41 billion, a PE ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.42. The business has a 50 day moving average of $25.59 and a two-hundred day moving average of $23.47. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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 the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

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.