Mosley Wealth Management Acquires 973 Shares of AT&T Inc. (NYSE:T)

Mosley Wealth Management lifted its holdings in AT&T Inc. (NYSE:T) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,342 shares of the technology company’s stock after purchasing an additional 973 shares during the period. Mosley Wealth Management’s holdings in AT&T were worth $590,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new position in AT&T in the 3rd quarter valued at $1,030,000. Intech Investment Management LLC lifted its holdings in shares of AT&T by 1.9% during the third quarter. Intech Investment Management LLC now owns 290,672 shares of the technology company’s stock worth $6,395,000 after buying an additional 5,469 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of AT&T by 30.6% in the third quarter. Eagle Asset Management Inc. now owns 832,999 shares of the technology company’s stock valued at $18,609,000 after acquiring an additional 195,314 shares during the period. CFS Investment Advisory Services LLC boosted its holdings in AT&T by 6.1% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 22,588 shares of the technology company’s stock valued at $497,000 after purchasing an additional 1,304 shares during the period. Finally, Allen Capital Group LLC grew its position in AT&T by 20.8% in the 3rd quarter. Allen Capital Group LLC now owns 20,643 shares of the technology company’s stock worth $454,000 after purchasing an additional 3,549 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of T stock opened at $27.04 on Friday. 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 market capitalization of $194.06 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.00 and a beta of 0.56. The firm’s 50 day moving average is $25.13 and its 200-day moving average is $23.30. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97.

AT&T (NYSE:T) last announced 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 return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on T. Scotiabank increased their target price on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. Citigroup lifted their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Tigress Financial raised their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

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.