PKS Advisory Services LLC Purchases Shares of 37,849 AT&T Inc. (NYSE:T)

PKS Advisory Services LLC purchased a new position in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,849 shares of the technology company’s stock, valued at approximately $862,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in T. Great Valley Advisor Group Inc. raised its position in AT&T by 19.4% during the third quarter. Great Valley Advisor Group Inc. now owns 66,883 shares of the technology company’s stock valued at $1,472,000 after purchasing an additional 10,854 shares in the last quarter. Swedbank AB lifted its position in AT&T by 7.1% in the 3rd quarter. Swedbank AB now owns 3,299,715 shares of the technology company’s stock worth $72,594,000 after buying an additional 219,382 shares during the last quarter. Larson Financial Group LLC boosted its stake in AT&T by 27.3% in the third quarter. Larson Financial Group LLC now owns 39,481 shares of the technology company’s stock worth $869,000 after buying an additional 8,460 shares in the last quarter. Davis R M Inc. grew its position in AT&T by 20.5% during the third quarter. Davis R M Inc. now owns 36,416 shares of the technology company’s stock valued at $801,000 after acquiring an additional 6,202 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of AT&T by 1,453.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 75,560 shares of the technology company’s stock worth $1,661,000 after acquiring an additional 70,696 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T stock opened at $26.96 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97. The company has a market cap of $193.49 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock’s fifty day moving average price is $25.24 and its 200-day moving average price is $23.36.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (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%. On average, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on T shares. Royal Bank of Canada lifted their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Thursday, January 16th. Tigress Financial boosted their price objective on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T 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.