AT&T Inc. (NYSE:T) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in AT&T Inc. (NYSE:T) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,641,856 shares of the technology company’s stock after purchasing an additional 288,093 shares during the period. Mackenzie Financial Corp’s holdings in AT&T were worth $50,486,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in T. Vantage Financial Partners LLC boosted its position in AT&T by 25.5% in the 4th quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock valued at $641,000 after buying an additional 7,762 shares during the last quarter. Gilbert & Cook Inc. boosted its position in AT&T by 4.1% in the 4th quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock valued at $522,000 after buying an additional 1,212 shares during the last quarter. Aveo Capital Partners LLC boosted its position in AT&T by 4.5% in the 4th quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock valued at $466,000 after buying an additional 1,194 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in AT&T by 21.8% in the 4th quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock valued at $477,000 after buying an additional 4,870 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in AT&T by 1.4% in the 4th quarter. Stifel Financial Corp now owns 3,566,551 shares of the technology company’s stock valued at $59,847,000 after buying an additional 47,801 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE:T opened at $21.90 on Friday. The firm’s 50 day moving average is $20.15 and its two-hundred day moving average is $18.49. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $22.34. The firm has a market capitalization of $156.99 billion, a P/E ratio of 11.77, a PEG ratio of 3.68 and a beta of 0.59. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. During the same quarter last year, the business earned $0.63 earnings per share. AT&T’s revenue was down .3% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. TD Cowen upped their price objective on shares of AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Barclays increased their price target on shares of AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Hold” and a consensus target price of $22.38.

AT&T Company 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.