Morey & Quinn Wealth Partners LLC Invests $448,000 in AT&T Inc. (NYSE:T)

Morey & Quinn Wealth Partners LLC bought a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,689 shares of the technology company’s stock, valued at approximately $448,000.

A number of other hedge funds have also bought and sold shares of T. Legacy Investment Solutions LLC acquired a new position in AT&T in the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter worth about $28,000. YANKCOM Partnership bought a new position in AT&T in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted 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 valued at $30,000 after purchasing an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T during the 4th quarter worth approximately $34,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Tigress Financial upped their price objective 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. The Goldman Sachs Group lifted their target price 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. Citigroup upped their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Performance

NYSE:T opened at $27.30 on Wednesday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The business’s fifty day moving average is $25.35 and its 200 day moving average is $23.40. 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 firm has a market cap of $195.96 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (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%. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

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.