Kwmg LLC Grows Stock Position in AT&T Inc. (NYSE:T)

Kwmg LLC boosted its stake in shares of AT&T Inc. (NYSE:T – Get Rating) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 190,224 shares of the technology company’s stock after buying an additional 12,805 shares during the period. Kwmg LLC’s holdings in AT&T were worth $3,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Axiom Financial Strategies LLC increased its stake in AT&T by 12.2% in the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock worth $342,000 after purchasing an additional 1,941 shares during the period. Roundview Capital LLC increased its stake in AT&T by 62.3% in the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock worth $582,000 after purchasing an additional 9,450 shares during the period. Sei Investments Co. increased its stake in AT&T by 23.1% in the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock worth $25,983,000 after purchasing an additional 206,434 shares during the period. Candriam Luxembourg S.C.A. increased its stake in AT&T by 5.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock worth $11,262,000 after purchasing an additional 25,028 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in AT&T by 1,191.3% in the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock worth $300,000 after purchasing an additional 11,722 shares during the period. Hedge funds and other institutional investors own 51.86% of the company’s stock.

AT&T Trading Down 1.4 %

Shares of NYSE:T opened at $18.13 on Friday. AT&T Inc. has a 52-week low of $14.46 and a 52-week high of $21.53. The stock has a market cap of $129.26 billion, a price-to-earnings ratio of -15.24, a PEG ratio of 2.27 and a beta of 0.66. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average price of $19.20 and a 200-day moving average price of $18.19.

AT&T (NYSE:T – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $31.30 billion during the quarter, compared to analysts’ expectations of $31.50 billion. AT&T had a positive return on equity of 14.18% and a negative net margin of 6.60%. The company’s revenue for the quarter was down 23.6% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. Equities analysts predict that AT&T Inc. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on T shares. Morgan Stanley lowered AT&T from an “overweight” rating to an “equal weight” rating and set a $20.00 target price on the stock. in a research note on Thursday, December 15th. Credit Suisse Group increased their price target on AT&T from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, January 26th. Wells Fargo & Company raised AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $22.00 in a research report on Tuesday, January 10th. Cowen increased their price target on AT&T from $24.00 to $25.00 in a research report on Thursday, January 26th. Finally, StockNews.com began coverage on AT&T in a research report on Thursday. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.00.

AT&T Profile

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AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.