AT&T Inc. (NYSE:T) Shares Purchased by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC raised its position in shares of AT&T Inc. (NYSE:T – Get Rating) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 66,022 shares of the technology company’s stock after buying an additional 3,777 shares during the period. Roberts Wealth Advisors LLC’s holdings in AT&T were worth $1,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. New Millennium Group LLC bought a new position in AT&T during the 2nd quarter valued at $34,000. Bay Harbor Wealth Management LLC bought a new position in AT&T during the 3rd quarter valued at $36,000. Eisler Capital UK Ltd. bought a new position in AT&T during the 3rd quarter valued at $36,000. McClarren Financial Advisors Inc. bought a new position in AT&T during the 3rd quarter valued at $45,000. Finally, Western Pacific Wealth Management LP boosted its stake in AT&T by 268.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 3,487 shares of the technology company’s stock valued at $53,000 after purchasing an additional 2,541 shares in the last quarter. 51.86% of the stock is owned by institutional investors.

AT&T Stock Down 1.4 %

Shares of NYSE:T traded down $0.26 during midday trading on Friday, hitting $18.13. 58,728,602 shares of the stock were exchanged, compared to its average volume of 33,633,379. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.59. AT&T Inc. has a 52-week low of $14.46 and a 52-week high of $21.53. The business’s fifty day simple moving average is $19.20 and its two-hundred day simple moving average is $18.19. The company has a market capitalization of $129.26 billion, a PE ratio of -15.24, a P/E/G ratio of 2.27 and a beta of 0.66.

AT&T (NYSE:T – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. AT&T had a positive return on equity of 14.18% and a negative net margin of 6.60%. The business had revenue of $31.30 billion during the quarter, compared to analyst estimates of $31.50 billion. During the same period last year, the company earned $0.78 earnings per share. AT&T’s quarterly revenue was down 23.6% compared to the same quarter last year. As a group, research analysts predict that AT&T Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Credit Suisse Group raised their price objective on AT&T from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, January 26th. Cowen raised their price objective on AT&T from $24.00 to $25.00 in a research note on Thursday, January 26th. Raymond James raised their price objective on AT&T from $24.00 to $25.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 26th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, December 8th. Finally, Citigroup raised their price objective on AT&T from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

AT&T Profile

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AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.