Morey & Quinn Wealth Partners LLC Takes Position in AT&T Inc. (NYSE:T)

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

Several other large investors have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in AT&T in the third quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in AT&T during the fourth quarter worth $28,000. YANKCOM Partnership bought a new stake in AT&T during the fourth quarter worth $30,000. Tradewinds Capital Management LLC lifted its stake in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Tigress Financial boosted their price target on 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 increased their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Finally, Citigroup lifted their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Up 1.3 %

Shares of 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 company has a market capitalization of $195.96 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. 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 company has a fifty day moving average of $25.35 and a 200-day moving average of $23.40.

AT&T (NYSE:T) last issued its 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 return on equity of 13.97% and a net margin of 8.95%. On average, equities 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.