AT&T Inc. (NYSE:T) Shares Purchased by Holderness Investments Co.

Holderness Investments Co. increased its stake in shares of AT&T Inc. (NYSE:T) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,497 shares of the technology company’s stock after purchasing an additional 793 shares during the quarter. Holderness Investments Co.’s holdings in AT&T were worth $1,332,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of T. Segall Bryant & Hamill LLC acquired a new stake in shares of AT&T during the third quarter worth $1,030,000. Commerce Bank lifted its holdings in AT&T by 0.9% in the third quarter. Commerce Bank now owns 440,927 shares of the technology company’s stock valued at $9,700,000 after acquiring an additional 3,921 shares during the period. Ontario Teachers Pension Plan Board boosted its position in shares of AT&T by 71.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 36,409 shares of the technology company’s stock worth $801,000 after purchasing an additional 15,141 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of AT&T by 1.0% during the 3rd quarter. King Luther Capital Management Corp now owns 1,482,990 shares of the technology company’s stock worth $32,626,000 after purchasing an additional 14,933 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of AT&T by 1.9% during the 3rd quarter. Intech Investment Management LLC now owns 290,672 shares of the technology company’s stock worth $6,395,000 after purchasing an additional 5,469 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Down 0.3 %

Shares of T stock opened at $26.77 on Friday. The firm has a 50-day moving average price of $25.02 and a 200 day moving average price of $23.23. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The company has a market capitalization of $192.14 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 3.00 and a beta of 0.56. 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 announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Oppenheimer assumed coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.