Graney & King LLC Invests $249,000 in AT&T Inc. (NYSE:T)

Graney & King LLC purchased a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, Holdings Channel reports. The firm purchased 10,945 shares of the technology company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Ausdal Financial Partners Inc. lifted its stake in AT&T by 22.9% in the 4th quarter. Ausdal Financial Partners Inc. now owns 99,968 shares of the technology company’s stock valued at $2,276,000 after purchasing an additional 18,653 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of AT&T in the fourth quarter valued at about $2,697,000. Financial Engines Advisors L.L.C. lifted its stake in shares of AT&T by 58.4% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 25,546 shares of the technology company’s stock worth $582,000 after buying an additional 9,418 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of AT&T by 4.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 13,892 shares of the technology company’s stock worth $316,000 after buying an additional 600 shares during the period. Finally, Morey & Quinn Wealth Partners LLC acquired a new position in AT&T in the 4th quarter valued at about $448,000. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on T shares. Oppenheimer assumed 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. The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $26.79.

AT&T Trading Up 1.3 %

Shares of T stock opened at $27.30 on Wednesday. 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 firm has a market capitalization of $195.96 billion, a P/E ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The stock’s fifty day simple moving average is $25.35 and its 200 day simple moving average is $23.40.

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, 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, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

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.