Symmetry Partners LLC Purchases Shares of 19,377 AT&T Inc. (NYSE:T)

Symmetry Partners LLC purchased a new stake in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 19,377 shares of the technology company’s stock, valued at approximately $441,000.

Several other institutional investors have also added to or reduced their stakes in T. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter worth approximately $28,000. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the period. YANKCOM Partnership purchased a new position in shares of AT&T in the 4th quarter worth approximately $30,000. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of AT&T in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank lifted their target price on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

AT&T Trading Up 0.9 %

T opened at $26.85 on Thursday. The firm has a market cap of $192.75 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The stock has a fifty day moving average price of $24.93 and a 200-day moving average price of $23.20.

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 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%. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal 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.