AT&T Inc. (NYSE:T) Shares Purchased by Heritage Wealth Advisors

Heritage Wealth Advisors boosted its position in shares of AT&T Inc. (NYSE:T) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,836 shares of the technology company’s stock after buying an additional 751 shares during the quarter. Heritage Wealth Advisors’ holdings in AT&T were worth $87,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in AT&T in the 4th quarter valued at $14,700,000. Franklin Resources Inc. grew its position in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after purchasing an additional 2,326,904 shares during the period. Consolidated Planning Corp grew its position in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after purchasing an additional 21,927 shares during the period. Fortress Financial Solutions LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $691,000. Finally, West Family Investments Inc. lifted its stake in AT&T by 70.4% in the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after buying an additional 15,680 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $27.65 on Thursday. The company’s 50 day simple moving average is $25.46 and its 200-day simple moving average is $23.43. 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 1 year low of $15.94 and a 1 year high of $27.97. The company has a market capitalization of $198.48 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last released its quarterly earnings results 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 return on equity of 13.97% and a net margin of 8.95%. As a group, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Sanford C. Bernstein boosted their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. 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 note on Wednesday, December 4th. UBS Group increased their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada raised their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

About AT&T

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.