Commonwealth Equity Services LLC Has $92.64 Million Holdings in AT&T Inc. (NYSE:T)

Commonwealth Equity Services LLC lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,068,664 shares of the technology company's stock after purchasing an additional 12,587 shares during the period. Commonwealth Equity Services LLC owned 0.06% of AT&T worth $92,643,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in T. Assetmark Inc. grew its position in AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after purchasing an additional 9,719,036 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after buying an additional 5,649,277 shares during the period. Amundi grew its position in AT&T by 19.8% during the fourth quarter. Amundi now owns 33,963,826 shares of the technology company's stock worth $753,318,000 after buying an additional 5,614,168 shares in the last quarter. Geode Capital Management LLC grew its position in AT&T by 2.3% during the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock worth $3,532,684,000 after buying an additional 3,630,972 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in AT&T during the fourth quarter valued at about $65,288,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

Shares of AT&T stock traded up $0.52 during midday trading on Friday, reaching $26.61. The company had a trading volume of 37,583,777 shares, compared to its average volume of 42,100,930. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a fifty day simple moving average of $24.66 and a 200 day simple moving average of $23.03. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The company has a market capitalization of $190.98 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on T shares. JPMorgan Chase & Co. lifted their price objective on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. New Street Research raised shares of AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. The Goldman Sachs Group increased their target price on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average target price of $26.74.

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.