AT&T Inc. (NYSE:T) Shares Bought by Tyler Stone Wealth Management

Tyler Stone Wealth Management lifted its position in shares of AT&T Inc. (NYSE:T) by 11.0% during the 4th quarter, HoldingsChannel reports. The fund owned 50,320 shares of the technology company’s stock after purchasing an additional 4,971 shares during the period. Tyler Stone Wealth Management’s holdings in AT&T were worth $1,146,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new position in AT&T in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $28,000. YANKCOM Partnership acquired a new position in AT&T in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC lifted its holdings 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 purchasing an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T during the 4th quarter worth $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on T shares. Scotiabank raised their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. The Goldman Sachs Group boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein lifted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Trading Up 1.3 %

NYSE T opened at $27.30 on Wednesday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The company has a market capitalization of $195.96 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. 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 firm’s fifty day moving average price is $25.35 and its 200 day moving average price is $23.40.

AT&T (NYSE:T) last announced its quarterly earnings data 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%. On average, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

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.