AT&T Inc. (NYSE:T) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in AT&T Inc. (NYSE:T - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,152,877 shares of the technology company's stock after buying an additional 752,595 shares during the quarter. LPL Financial LLC owned approximately 0.14% of AT&T worth $231,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the 3rd quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T during the fourth quarter worth about $28,000. Tradewinds Capital Management LLC grew its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares during the last quarter. YANKCOM Partnership acquired a new stake in shares of AT&T during the fourth quarter worth about $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at about $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on T. JPMorgan Chase & Co. boosted their price objective on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Oppenheimer began coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price for the company. Finally, DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.79.

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AT&T Price Performance

Shares of T stock traded up $0.55 during midday trading on Thursday, reaching $28.20. 42,988,037 shares of the company traded hands, compared to its average volume of 34,388,536. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.41. The firm has a market cap of $202.41 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The firm's 50 day simple moving average is $25.46 and its two-hundred day simple moving average is $23.43. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

About AT&T

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.