LMR Partners LLP Purchases 77,536 Shares of AT&T Inc. (NYSE:T)

LMR Partners LLP increased its position in shares of AT&T Inc. (NYSE:T) by 294.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,876 shares of the technology company’s stock after purchasing an additional 77,536 shares during the quarter. LMR Partners LLP’s holdings in AT&T were worth $4,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sailer Financial LLC bought a new position in shares of AT&T in the fourth quarter worth about $185,000. DeDora Capital Inc. increased its position in AT&T by 50.0% in the 4th quarter. DeDora Capital Inc. now owns 16,663 shares of the technology company’s stock valued at $651,000 after acquiring an additional 5,556 shares during the period. Procyon Private Wealth Partners LLC acquired a new position in AT&T in the 4th quarter valued at approximately $1,493,000. FSA Wealth Management LLC bought a new position in shares of AT&T during the fourth quarter valued at $567,000. Finally, Insight Wealth Strategies LLC raised its stake in shares of AT&T by 47.8% during the fourth quarter. Insight Wealth Strategies LLC now owns 10,663 shares of the technology company’s stock valued at $417,000 after acquiring an additional 3,450 shares during the last quarter. 56.10% of the stock is owned by institutional investors and hedge funds.

T has been the topic of several analyst reports. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, March 9th. Citigroup lowered their target price on AT&T from $42.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday. Cowen downgraded AT&T from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $43.00 to $37.00 in a report on Monday. Royal Bank of Canada reiterated a “hold” rating and issued a $38.00 price target on shares of AT&T in a research report on Thursday, January 30th. Finally, Raymond James cut AT&T from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.92.

Shares of NYSE T traded up $1.53 during midday trading on Wednesday, reaching $29.62. The stock had a trading volume of 3,803,635 shares, compared to its average volume of 66,640,800. The firm has a market cap of $210.61 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.34 and a beta of 0.64. AT&T Inc. has a twelve month low of $26.08 and a twelve month high of $39.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.79 and a current ratio of 0.79. The company’s 50 day moving average price is $35.98 and its 200 day moving average price is $37.58.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 29th. The technology company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. AT&T had a return on equity of 13.37% and a net margin of 7.67%. The business had revenue of $46.82 billion for the quarter, compared to analysts’ expectations of $47.06 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. Equities analysts forecast that AT&T Inc. will post 3.61 earnings per share for the current fiscal year.

In other AT&T news, Director Stephen J. Luczo purchased 100,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was acquired at an average price of $37.81 per share, with a total value of $3,781,000.00. Corporate insiders own 0.07% of the company’s stock.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

See Also: Equity Income

Institutional Ownership by Quarter for AT&T (NYSE:T)

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