SlateStone Wealth LLC Has $347,000 Stake in AT&T Inc. (NYSE:T)

SlateStone Wealth LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 30.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,254 shares of the technology company’s stock after acquiring an additional 3,540 shares during the period. SlateStone Wealth LLC’s holdings in AT&T were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. GWN Securities Inc. acquired a new position in AT&T during the fourth quarter valued at approximately $1,525,000. Altus Wealth Group LLC bought a new position in AT&T in the fourth quarter valued at approximately $204,000. Sovereign Investment Advisors LLC bought a new position in AT&T in the fourth quarter valued at approximately $478,000. Harbour Investments Inc. grew its stake in AT&T by 1.5% in the fourth quarter. Harbour Investments Inc. now owns 144,254 shares of the technology company’s stock valued at $3,285,000 after purchasing an additional 2,068 shares in the last quarter. Finally, Gitterman Wealth Management LLC grew its stake in AT&T by 31.7% in the fourth quarter. Gitterman Wealth Management LLC now owns 30,752 shares of the technology company’s stock valued at $700,000 after purchasing an additional 7,405 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T opened at $26.61 on Monday. The stock has a market capitalization of $190.98 billion, a PE 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 current ratio of 0.66 and a quick ratio of 0.62. The business has a fifty day moving average price of $24.66 and a two-hundred day moving average price of $23.08. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97.

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 the consensus estimate 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, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

T has been the subject of a number of analyst reports. Tigress Financial raised their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. Finally, Scotiabank lifted their target price on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. One equities research 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 company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

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.