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

WealthCare Investment Partners LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,255 shares of the technology company’s stock after buying an additional 437 shares during the period. WealthCare Investment Partners LLC’s holdings in AT&T were worth $639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in AT&T during the 4th quarter worth approximately $1,858,418,000. GQG Partners LLC lifted its position in shares of AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AT&T by 31.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company’s stock worth $1,216,665,000 after purchasing an additional 12,881,578 shares in the last quarter. Northern Trust Corp lifted its position in shares of AT&T by 16.3% during the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company’s stock worth $1,779,438,000 after purchasing an additional 10,945,679 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock worth $225,741,000 after purchasing an additional 9,719,036 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Wednesday. Evercore ISI boosted their price target on AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research note on Thursday, April 24th. Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. Wells Fargo & Company boosted their price target on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada upped their target price on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.76.

AT&T Stock Up 0.5%

Shares of NYSE:T opened at $27.79 on Friday. The stock has a market capitalization of $199.96 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.41. AT&T Inc. has a 1-year low of $18.14 and a 1-year high of $29.03. The company’s fifty day moving average is $27.53 and its two-hundred day moving average is $25.80. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current 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.