Whittier Trust Co. of Nevada Inc. Acquires 23,081 Shares of AT&T Inc. (NYSE:T)

Whittier Trust Co. of Nevada Inc. boosted its holdings in AT&T Inc. (NYSE:T) by 30.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,040 shares of the technology company’s stock after acquiring an additional 23,081 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in AT&T were worth $2,255,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in AT&T in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in AT&T in the 4th quarter valued at about $28,000. Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. YANKCOM Partnership bought a new position in AT&T in the 4th quarter valued at about $30,000. Finally, Endeavor Private Wealth Inc. bought a new position in AT&T in the 4th quarter valued at about $34,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Tigress Financial lifted their target price 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. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup lifted their target price 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. 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. Finally, New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Up 0.9 %

AT&T stock opened at $27.04 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The firm has a market capitalization of $194.06 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 3.00 and a beta of 0.56. 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 50 day simple moving average of $25.13 and a 200 day simple moving average of $23.28.

AT&T (NYSE:T) last released 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, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

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.