CBIZ Investment Advisory Services LLC Purchases 2,598 Shares of AT&T Inc. (NYSE:T)

CBIZ Investment Advisory Services LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 277.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,536 shares of the technology company’s stock after acquiring an additional 2,598 shares during the period. CBIZ Investment Advisory Services LLC’s holdings in AT&T were worth $81,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in T. one8zero8 LLC bought a new position in shares of AT&T during the 4th quarter worth about $534,000. Diversified Enterprises LLC grew its stake in AT&T by 17.9% in the fourth quarter. Diversified Enterprises LLC now owns 25,839 shares of the technology company’s stock valued at $588,000 after acquiring an additional 3,914 shares during the period. Natixis Advisors LLC increased its holdings in shares of AT&T by 6.6% during the fourth quarter. Natixis Advisors LLC now owns 2,346,455 shares of the technology company’s stock valued at $53,429,000 after acquiring an additional 144,846 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in shares of AT&T by 1.6% during the fourth quarter. Frank Rimerman Advisors LLC now owns 154,553 shares of the technology company’s stock worth $3,519,000 after purchasing an additional 2,452 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of AT&T in the 4th quarter worth $694,000. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of NYSE:T opened at $26.61 on Friday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The firm has a market capitalization of $190.98 billion, a PE ratio of 17.86, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $24.66 and a two-hundred day moving average price of $23.06.

AT&T (NYSE:T) last posted its earnings results 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 return on equity of 13.97% and a net margin of 8.95%. Equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. 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 report on Tuesday, February 4th. 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 report on Wednesday, January 29th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Citigroup increased their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

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.