AT&T Inc. (NYSE:T) Shares Purchased by GQG Partners LLC

GQG Partners LLC raised its position in AT&T Inc. (NYSE:T) by 37.3% during the 4th quarter, Holdings Channel reports. The firm owned 96,779,385 shares of the technology company’s stock after acquiring an additional 26,280,866 shares during the quarter. AT&T comprises about 3.3% of GQG Partners LLC’s holdings, making the stock its 10th biggest position. GQG Partners LLC’s holdings in AT&T were worth $2,203,667,000 at the end of the most recent reporting period.

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

AT&T Trading Down 0.2 %

Shares of T stock opened at $26.96 on Tuesday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97. The firm’s 50 day moving average price is $25.24 and its two-hundred day moving average price is $23.36. The stock has a market cap of $193.49 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth 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.

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 the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. Tigress Financial boosted their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Barclays raised their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One investment 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.79.

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.