Intech Investment Management LLC Has $8.60 Million Stake in AT&T Inc. (NYSE:T)

Intech Investment Management LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 30.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,846 shares of the technology company’s stock after acquiring an additional 87,174 shares during the quarter. Intech Investment Management LLC’s holdings in AT&T were worth $8,604,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in AT&T during the third quarter worth approximately $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T during the fourth quarter worth approximately $28,000. Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% during the 4th 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 bought a new stake in AT&T in the 4th quarter valued at $30,000. Finally, Endeavor Private Wealth Inc. acquired a new position in AT&T in the 4th quarter valued at $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.8 %

Shares of T opened at $26.60 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The stock has a market capitalization of $190.97 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56. The stock has a fifty day moving average of $24.84 and a 200-day moving average of $23.18.

AT&T (NYSE:T) last posted 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, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. Royal Bank of Canada increased their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Scotiabank lifted their price target on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Monday, March 3rd. Finally, Tigress Financial increased their price target on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.74.

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.