Wealth Architects LLC Buys 1,373 Shares of AT&T Inc. (NYSE:T)

Wealth Architects LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,672 shares of the technology company’s stock after purchasing an additional 1,373 shares during the period. Wealth Architects LLC’s holdings in AT&T were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $28,000. Tradewinds Capital Management LLC raised its position 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 valued at $30,000 after acquiring an additional 430 shares during the period. YANKCOM Partnership acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $30,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its position in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 2.0 %

Shares of AT&T stock opened at $26.61 on Monday. The business has a fifty day simple moving average of $24.66 and a two-hundred day simple moving average of $23.08. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97. The company has a market capitalization of $190.98 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on T. Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. 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 report on Wednesday, December 4th. Finally, UBS Group raised 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.74.

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.