HUB Investment Partners LLC Purchases 13,923 Shares of AT&T Inc. (NYSE:T)

HUB Investment Partners LLC boosted its position in AT&T Inc. (NYSE:T) by 44.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 45,390 shares of the technology company’s stock after buying an additional 13,923 shares during the quarter. HUB Investment Partners LLC’s holdings in AT&T were worth $1,034,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in T. Segall Bryant & Hamill LLC bought a new position in AT&T in the third quarter valued at about $1,030,000. Commerce Bank boosted its holdings in AT&T by 0.9% during the third quarter. Commerce Bank now owns 440,927 shares of the technology company’s stock worth $9,700,000 after buying an additional 3,921 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in AT&T by 71.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 36,409 shares of the technology company’s stock worth $801,000 after buying an additional 15,141 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in AT&T by 1.0% during the third quarter. King Luther Capital Management Corp now owns 1,482,990 shares of the technology company’s stock worth $32,626,000 after buying an additional 14,933 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in 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. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.3 %

NYSE:T opened at $26.77 on Friday. The firm has a market capitalization of $192.14 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The stock’s 50 day moving average price is $25.02 and its two-hundred day moving average price is $23.23. 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 (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. The Goldman Sachs Group raised their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. One investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price 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.