Aurora Private Wealth Inc. Purchases 153,075 Shares of AT&T Inc. (NYSE:T)

Aurora Private Wealth Inc. increased its position in shares of AT&T Inc. (NYSE:T) by 903.4% during the first quarter, HoldingsChannel.com reports. The fund owned 170,019 shares of the technology company’s stock after acquiring an additional 153,075 shares during the period. Aurora Private Wealth Inc.’s holdings in AT&T were worth $4,808,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Next Level Private LLC boosted its holdings in shares of AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock valued at $3,206,000 after buying an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in shares of AT&T by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock valued at $550,000 after purchasing an additional 384 shares during the last quarter. Kozak & Associates Inc. boosted its position in shares of AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock worth $126,000 after purchasing an additional 398 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in AT&T by 0.3% in the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company’s stock worth $3,222,000 after acquiring an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC boosted its stake in AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company’s stock worth $286,000 after purchasing an additional 399 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Up 0.3%

T opened at $28.29 on Wednesday. The firm has a market cap of $203.53 billion, a P/E ratio of 17.35, a PEG ratio of 4.00 and a beta of 0.41. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $27.57 and its 200 day simple moving average is $25.86. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.03.

AT&T (NYSE:T) last issued its quarterly 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 analysts’ expectations of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analyst Ratings Changes

T has been the subject of a number of research reports. Tigress Financial lifted their price target on AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Finally, Scotiabank restated an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.76.

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.