Xponance Inc. Has $22.94 Million Stake in AT&T Inc. (NYSE:T)

Xponance Inc. boosted its holdings in shares of AT&T Inc. (NYSE:T) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,007,514 shares of the technology company’s stock after buying an additional 19,514 shares during the quarter. Xponance Inc.’s holdings in AT&T were worth $22,941,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in T. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the third quarter worth about $25,000. Marshall Investment Management LLC bought a new position in AT&T during the fourth quarter valued at about $28,000. YANKCOM Partnership bought a new position in AT&T during the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC increased its stake in AT&T by 48.6% during 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 period. Finally, Endeavor Private Wealth Inc. bought a new position in AT&T during the fourth quarter valued at about $34,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on T shares. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Citigroup upped their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Sanford C. Bernstein upped their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their target price on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.74.

AT&T Price Performance

T stock opened at $26.87 on Tuesday. The stock has a 50-day moving average price of $24.75 and a two-hundred day moving average price of $23.13. The stock has a market cap of $192.86 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97.

AT&T (NYSE:T) last released 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%. Equities analysts forecast 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.