AT&T Inc. (NYSE:T) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its stake in AT&T Inc. (NYSE:T) by 31.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 442,279 shares of the technology company’s stock after acquiring an additional 106,944 shares during the quarter. NEOS Investment Management LLC’s holdings in AT&T were worth $10,071,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership acquired a new position in shares of AT&T in the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE T opened at $27.65 on Thursday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.97. The firm has a market cap of $198.48 billion, a P/E ratio of 18.56, a PEG ratio of 3.00 and a beta of 0.56. The stock has a fifty day moving average price of $25.46 and a two-hundred day moving average price of $23.43. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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%. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on T. The Goldman Sachs Group upped their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.