MCIA Inc Acquires 14,893 Shares of AT&T Inc. (NYSE:T)

MCIA Inc grew its holdings in shares of AT&T Inc. (NYSE:T – Get Rating) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,652 shares of the technology company’s stock after buying an additional 14,893 shares during the period. MCIA Inc’s holdings in AT&T were worth $1,960,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of T. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of AT&T by 44.3% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 34,252,184 shares of the technology company’s stock valued at $717,926,000 after buying an additional 10,508,871 shares in the last quarter. Ensign Peak Advisors Inc raised its position in shares of AT&T by 296.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 11,745,375 shares of the technology company’s stock worth $246,182,000 after purchasing an additional 8,783,340 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of AT&T by 537.1% in the 3rd quarter. Renaissance Technologies LLC now owns 9,931,986 shares of the technology company’s stock worth $152,357,000 after purchasing an additional 8,373,086 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of AT&T in the 3rd quarter worth about $122,863,000. Finally, CI Investments Inc. raised its position in shares of AT&T by 855,303.6% in the 2nd quarter. CI Investments Inc. now owns 7,510,444 shares of the technology company’s stock worth $157,419,000 after purchasing an additional 7,509,566 shares during the last quarter. Institutional investors own 51.86% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the subject of several recent analyst reports. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, December 8th. Citigroup lifted their price target on AT&T from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, January 24th. Credit Suisse Group lifted their price target on AT&T from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, January 26th. Moffett Nathanson reaffirmed an “underperform” rating and issued a $17.00 price target on shares of AT&T in a research report on Monday, December 19th. Finally, StockNews.com initiated coverage on AT&T in a research report on Thursday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

AT&T Stock Performance

Shares of NYSE T traded down $0.26 during midday trading on Friday, hitting $18.13. 58,728,602 shares of the company’s stock traded hands, compared to its average volume of 33,633,379. AT&T Inc. has a 1 year low of $14.46 and a 1 year high of $21.53. The stock has a market capitalization of $129.26 billion, a price-to-earnings ratio of -15.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.59. The firm has a fifty day moving average of $19.20 and a 200 day moving average of $18.19.

AT&T (NYSE:T – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. AT&T had a negative net margin of 6.60% and a positive return on equity of 14.18%. The firm had revenue of $31.30 billion during the quarter, compared to analyst estimates of $31.50 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue for the quarter was down 23.6% compared to the same quarter last year. On average, analysts forecast that AT&T Inc. will post 2.43 earnings per share for the current year.

About AT&T

(Get Rating)

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.