Ashton Thomas Securities LLC Grows Stock Position in AT&T Inc. (NYSE:T)

Ashton Thomas Securities LLC lifted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,170 shares of the technology company's stock after buying an additional 11,283 shares during the quarter. Ashton Thomas Securities LLC's holdings in AT&T were worth $1,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. lifted its holdings in AT&T by 1.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after purchasing an additional 421 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% in the fourth 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. Whittier Trust Co. lifted its stake in shares of AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after buying an additional 433 shares in the last quarter. Wealthstream Advisors Inc. boosted its position in AT&T by 3.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after acquiring an additional 444 shares during the last quarter. Finally, Northeast Investment Management grew its stake in AT&T by 0.9% during the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock valued at $1,166,000 after acquiring an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

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AT&T Trading Up 2.1 %

Shares of T stock traded up $0.59 on Thursday, hitting $28.24. The stock had a trading volume of 18,121,075 shares, compared to its average volume of 34,292,845. The company's 50 day moving average price is $25.46 and its 200-day moving average price is $23.43. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.29. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $202.68 billion, a P/E ratio of 18.94, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T - Get Free Report) last issued its quarterly 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 net margin of 8.95% and a return on equity of 13.97%. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup raised their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Royal Bank of Canada boosted their price objective on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 19th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. Scotiabank lifted their price target on AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. Finally, Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.