Taylor Financial Group Inc. Purchases 1,915 Shares of AT&T Inc. (NYSE:T)

Taylor Financial Group Inc. boosted its stake in shares of AT&T Inc. (NYSE:T) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,949 shares of the technology company’s stock after buying an additional 1,915 shares during the period. Taylor Financial Group Inc.’s holdings in AT&T were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of T. Natixis Advisors LLC lifted its holdings in AT&T by 21.8% during the third quarter. Natixis Advisors LLC now owns 2,201,609 shares of the technology company’s stock worth $48,435,000 after buying an additional 393,838 shares during the period. Claro Advisors LLC lifted its holdings in shares of AT&T by 64.6% during the 3rd quarter. Claro Advisors LLC now owns 49,080 shares of the technology company’s stock valued at $1,080,000 after purchasing an additional 19,269 shares during the last quarter. TrinityPoint Wealth LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at $206,000. Aljian Capital Management LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at $391,000. Finally, AMG National Trust Bank lifted its holdings 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 valued at $3,224,000 after purchasing an additional 83,048 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $26.87 on Tuesday. The business’s 50-day moving average is $24.75 and its two-hundred day moving average is $23.13. The company has a market capitalization of $192.86 billion, a P/E ratio of 18.03, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on T. Oppenheimer began coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Royal Bank of Canada increased their price objective on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $26.74.

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.