Lee Danner & Bass Inc. Raises Stake in AT&T Inc. (NYSE:T)

Lee Danner & Bass Inc. grew its stake in shares of AT&T Inc. (NYSE:T) by 7.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,687 shares of the technology company’s stock after purchasing an additional 2,351 shares during the period. Lee Danner & Bass Inc.’s holdings in AT&T were worth $790,000 at the end of the most recent reporting period.

Other institutional investors 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 worth $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth $28,000. YANKCOM Partnership purchased a new stake in shares of AT&T during the 4th quarter worth $30,000. Tradewinds Capital Management LLC boosted 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 worth $30,000 after purchasing an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the 4th quarter worth $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the topic of several recent research reports. Scotiabank boosted their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. UBS Group boosted their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup boosted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada boosted their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Barclays boosted their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Trading Up 0.9 %

NYSE T opened at $27.04 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The company has a 50-day moving average of $25.13 and a 200-day moving average of $23.28. 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 company has a market cap of $194.06 billion, a P/E ratio of 18.14, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. As a group, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

About AT&T

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.