Horizon Investments LLC Grows Stock Position in AT&T Inc. (NYSE:T)

Horizon Investments LLC increased its position in shares of AT&T Inc. (NYSE:T) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,697 shares of the technology company’s stock after buying an additional 880 shares during the quarter. Horizon Investments LLC’s holdings in AT&T were worth $2,220,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter valued at approximately $28,000. YANKCOM Partnership purchased a new stake in shares of AT&T during the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new stake in AT&T in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $26.60 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a fifty day moving average price of $24.84 and a 200 day moving average price of $23.18. The company has a market cap of $190.97 billion, a P/E ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on T shares. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.