AT&T Inc. (NYSE:T) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its position in AT&T Inc. (NYSE:T) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,845 shares of the technology company’s stock after acquiring an additional 28,458 shares during the quarter. Vinva Investment Management Ltd’s holdings in AT&T were worth $8,113,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $44,000. Xponance Inc. grew its position in AT&T by 2.0% in the fourth quarter. Xponance Inc. now owns 1,007,514 shares of the technology company’s stock valued at $22,941,000 after acquiring an additional 19,514 shares in the last quarter. Intech Investment Management LLC grew its position in AT&T by 30.0% in the fourth quarter. Intech Investment Management LLC now owns 377,846 shares of the technology company’s stock valued at $8,604,000 after acquiring an additional 87,174 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of AT&T during the fourth quarter worth approximately $12,959,000. Finally, Evoke Wealth LLC grew its position in shares of AT&T by 2.1% during the fourth quarter. Evoke Wealth LLC now owns 36,296 shares of the technology company’s stock worth $826,000 after buying an additional 738 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T stock opened at $26.60 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $190.97 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97. The stock’s fifty day moving average is $24.84 and its two-hundred day moving average is $23.18.

AT&T (NYSE:T) last posted its 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, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on T shares. Citigroup raised their price target 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. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.