AT&T Inc. (NYSE:T) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of AT&T Inc. (NYSE:T) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,605,546 shares of the technology company’s stock after purchasing an additional 299,837 shares during the period. Sei Investments Co. owned about 0.05% of AT&T worth $82,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in AT&T during the third quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in AT&T during the fourth quarter valued at $28,000. YANKCOM Partnership acquired a new position in AT&T during the fourth quarter valued at $30,000. Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during 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 AT&T in the fourth quarter valued at $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

T opened at $27.04 on Friday. The firm has a market capitalization of $194.06 billion, a PE ratio of 18.14, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The firm’s 50-day moving average price is $25.13 and its 200 day moving average price is $23.30. 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 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, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Ratings Changes

T has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. The Goldman Sachs Group lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Scotiabank lifted their price objective on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. Citigroup lifted their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.79.

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.