Mosley Wealth Management Buys 973 Shares of AT&T Inc. (NYSE:T)

Mosley Wealth Management grew its stake in AT&T Inc. (NYSE:T) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,342 shares of the technology company’s stock after acquiring an additional 973 shares during the quarter. Mosley Wealth Management’s holdings in AT&T were worth $590,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of T. 1620 Investment Advisors Inc. increased its holdings in shares of AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after acquiring an additional 421 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares in the last quarter. Whittier Trust Co. raised its holdings in AT&T by 0.7% during the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock worth $1,352,000 after buying an additional 433 shares during the period. Wealthstream Advisors Inc. lifted its stake in AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock valued at $282,000 after buying an additional 444 shares in the last quarter. Finally, Northeast Investment Management boosted its holdings in shares of AT&T by 0.9% in the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock valued at $1,166,000 after buying an additional 451 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of NYSE T opened at $27.04 on Friday. 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 company has a market capitalization of $194.06 billion, a P/E ratio of 18.14, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The stock has a 50 day moving average of $25.13 and a 200-day moving average of $23.30.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on T. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Scotiabank boosted their price target on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a report on Monday, March 3rd. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, 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 note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from 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.