Counterpoint Mutual Funds LLC Buys New Stake in AT&T Inc. (NYSE:T)

Counterpoint Mutual Funds LLC purchased a new stake in AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 47,997 shares of the technology company’s stock, valued at approximately $1,093,000.

Other hedge funds have also bought and sold shares of the company. Curi RMB Capital LLC raised its stake in AT&T by 71.2% during the third quarter. Curi RMB Capital LLC now owns 22,453 shares of the technology company’s stock valued at $494,000 after purchasing an additional 9,335 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of AT&T by 21.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,201,609 shares of the technology company’s stock worth $48,435,000 after buying an additional 393,838 shares during the last quarter. Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of AT&T during the 3rd quarter valued at about $211,000. GoalVest Advisory LLC lifted its holdings in shares of AT&T by 2.8% in the 3rd quarter. GoalVest Advisory LLC now owns 80,465 shares of the technology company’s stock valued at $1,770,000 after acquiring an additional 2,162 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in AT&T in the third quarter worth about $904,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein upped 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. Citigroup lifted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. 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 given a strong buy rating to the stock. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $26.74.

AT&T Trading Up 2.0 %

NYSE:T opened at $26.61 on Monday. The firm has a 50-day simple moving average of $24.66 and a 200-day simple moving average of $23.08. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. The firm has a market cap of $190.98 billion, a P/E ratio of 17.86, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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, topping 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%. Equities 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.