Impact Capital Partners LLC Invests $407,000 in AT&T Inc. (NYSE:T)

Impact Capital Partners LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 17,893 shares of the technology company's stock, valued at approximately $407,000.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its position in shares of AT&T by 4,986.1% in the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after acquiring an additional 9,719,036 shares during the period. Bank of New York Mellon Corp raised its stake in AT&T by 7.1% during the 4th 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 purchasing an additional 5,649,277 shares during the last quarter. Amundi boosted its holdings in AT&T by 19.8% in the 4th quarter. Amundi now owns 33,963,826 shares of the technology company's stock valued at $753,318,000 after purchasing an additional 5,614,168 shares during the period. Geode Capital Management LLC grew its position in AT&T by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock worth $3,532,684,000 after purchasing an additional 3,630,972 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of AT&T during the 4th quarter worth about $65,288,000. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of AT&T from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. DZ Bank 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 Wednesday, January 29th. Argus upgraded 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 Thursday, January 16th. Citigroup lifted their price target 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. Finally, BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.74.

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AT&T Price Performance

AT&T stock traded up $0.52 on Friday, reaching $26.61. The company's stock had a trading volume of 37,583,777 shares, compared to its average volume of 42,100,930. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The company has a market cap of $190.98 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The business's fifty day moving average price is $24.66 and its 200 day moving average price is $23.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share 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.