AT&T Inc. (NYSE:T) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its stake in shares of AT&T Inc. (NYSE:T) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 358,845 shares of the technology company’s stock after purchasing an additional 28,458 shares during the quarter. Vinva Investment Management Ltd’s holdings in AT&T were worth $8,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in AT&T in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in AT&T in the 4th quarter valued at about $28,000. YANKCOM Partnership acquired a new stake in AT&T in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC grew its stake in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T in the 4th quarter valued at about $34,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Down 0.8 %

NYSE T opened at $26.60 on Wednesday. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. The company’s 50 day moving average price is $24.84 and its 200 day moving average price is $23.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $190.97 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on T. The Goldman Sachs Group increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Barclays increased their price objective 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. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Scotiabank upped their target price 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. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.74.

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.