AT&T Inc. (NYSE:T) Shares Bought by Horizon Investments LLC

Horizon Investments LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 0.9% in the 4th quarter, according to its most recent Form 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 period. Horizon Investments LLC’s holdings in AT&T were worth $2,220,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in T. TrinityPoint Wealth LLC acquired a new stake in AT&T in the third quarter valued at about $206,000. AMG National Trust Bank increased its stake in shares of AT&T by 130.8% during the 3rd quarter. AMG National Trust Bank now owns 146,547 shares of the technology company’s stock worth $3,224,000 after purchasing an additional 83,048 shares in the last quarter. Quest Partners LLC grew its stake in AT&T by 2,555.9% in the 3rd quarter. Quest Partners LLC now owns 100,392 shares of the technology company’s stock worth $2,209,000 after acquiring an additional 96,612 shares during the period. Joseph Group Capital Management grew its stake in AT&T by 4.5% in the 3rd quarter. Joseph Group Capital Management now owns 186,976 shares of the technology company’s stock worth $4,113,000 after acquiring an additional 7,991 shares during the period. Finally, New England Asset Management Inc. grew its stake in AT&T by 24.5% in the 3rd quarter. New England Asset Management Inc. now owns 315,940 shares of the technology company’s stock worth $6,951,000 after acquiring an additional 62,075 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $26.60 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97. The firm has a 50-day simple moving average of $24.84 and a 200 day simple moving average of $23.18. The company has a market cap of $190.97 billion, a PE ratio of 17.86, a P/E/G ratio of 3.00 and a beta of 0.56.

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 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%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Royal Bank of Canada boosted their price objective on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. 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 report on Wednesday, December 4th. Finally, 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 report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.74.

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.