HUB Investment Partners LLC Purchases 13,923 Shares of AT&T Inc. (NYSE:T)

HUB Investment Partners LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 44.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,390 shares of the technology company’s stock after purchasing an additional 13,923 shares during the quarter. HUB Investment Partners LLC’s holdings in AT&T were worth $1,034,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in AT&T during the fourth quarter worth approximately $14,700,000. Franklin Resources Inc. boosted its position in AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the period. Consolidated Planning Corp boosted its position in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after acquiring an additional 21,927 shares during the period. Fortress Financial Solutions LLC bought a new stake in shares of AT&T in the fourth quarter valued at approximately $691,000. Finally, West Family Investments Inc. boosted its position in shares of AT&T by 70.4% in the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after acquiring an additional 15,680 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on T. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Barclays increased their price objective on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Citigroup increased their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, 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 note on Tuesday, February 4th. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Stock Performance

AT&T stock opened at $26.77 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a fifty day moving average price of $25.02 and a two-hundred day moving average price of $23.23. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The firm has a market capitalization of $192.14 billion, a P/E ratio of 17.96, a P/E/G ratio of 3.00 and a beta of 0.56.

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 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, 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.