37,849 Shares in AT&T Inc. (NYSE:T) Purchased by PKS Advisory Services LLC

PKS Advisory Services LLC purchased a new stake in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,849 shares of the technology company's stock, valued at approximately $862,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after acquiring an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 valued at $3,532,684,000 after acquiring an additional 3,630,972 shares in the last quarter. GQG Partners LLC raised its holdings in shares of AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares during the period. Bank of New York Mellon Corp boosted its holdings in 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 worth $1,948,943,000 after acquiring an additional 5,649,277 shares in the last quarter. Finally, FMR LLC raised its holdings in AT&T by 1.9% during the third quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock worth $1,341,693,000 after buying an additional 1,149,688 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased 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. Citigroup upped their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Scotiabank upped their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $26.79.

AT&T Price Performance

T stock traded up $0.60 during mid-day trading on Thursday, hitting $28.25. The company had a trading volume of 19,461,947 shares, compared to its average volume of 34,306,300. The company has a market capitalization of $202.78 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a 50-day moving average price of $25.46 and a 200 day moving average price of $23.43. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.38.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current 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.