MJP Associates Inc. ADV Increases Holdings in AT&T Inc. (NYSE:T)

MJP Associates Inc. ADV lifted its holdings in shares of AT&T Inc. (NYSE:T) by 22.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,725 shares of the technology company’s stock after acquiring an additional 3,415 shares during the quarter. MJP Associates Inc. ADV’s holdings in AT&T were worth $314,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in T. State Street Corp increased its holdings in shares of AT&T by 3.4% in the 2nd quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock valued at $4,738,520,000 after acquiring an additional 9,781,352 shares during the last quarter. Newport Trust Company LLC grew its position in shares of AT&T by 0.3% in the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after buying an additional 673,043 shares during the last quarter. Morgan Stanley raised its stake in AT&T by 37.3% during the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after acquiring an additional 29,769,976 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in AT&T by 85,003.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after acquiring an additional 76,746,649 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in AT&T by 2.5% in the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after acquiring an additional 1,828,237 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 0.3 %

Shares of NYSE:T traded up $0.05 during trading on Thursday, reaching $17.60. The stock had a trading volume of 30,378,797 shares, compared to its average volume of 38,649,176. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The stock has a market cap of $125.89 billion, a P/E ratio of 9.02, a PEG ratio of 2.59 and a beta of 0.57. The business has a fifty day moving average price of $17.11 and a 200-day moving average price of $16.27. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.99.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

T has been the subject of several research reports. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Tuesday, March 5th. Tigress Financial upped their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. Barclays upped their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.61.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.