Doheny Asset Management CA bought a new position in AT&T Inc. (NYSE:T – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 15,886 shares of the technology company’s stock, valued at approximately $304,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Octavia Wealth Advisors LLC increased its position in shares of AT&T by 2.1% during the second quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock worth $484,000 after acquiring an additional 519 shares during the period. Carolinas Wealth Consulting LLC grew its stake in AT&T by 2.3% in the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after purchasing an additional 521 shares in the last quarter. WealthCare Investment Partners LLC increased its holdings in AT&T by 2.2% during the 2nd quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after purchasing an additional 525 shares during the period. Integral Investment Advisors Inc. raised its position in AT&T by 3.2% during the 2nd quarter. Integral Investment Advisors Inc. now owns 17,177 shares of the technology company’s stock valued at $322,000 after purchasing an additional 538 shares in the last quarter. Finally, Financial Counselors Inc. lifted its holdings in shares of AT&T by 0.6% in the 2nd quarter. Financial Counselors Inc. now owns 92,450 shares of the technology company’s stock worth $1,767,000 after buying an additional 539 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.
AT&T Price Performance
Shares of NYSE T opened at $21.90 on Friday. AT&T Inc. has a fifty-two week low of $14.12 and a fifty-two week high of $22.34. The company has a market cap of $157.03 billion, a PE ratio of 11.77, a P/E/G ratio of 3.68 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. The business has a 50-day simple moving average of $20.15 and a two-hundred day simple moving average of $18.50.
Analyst Ratings Changes
Several brokerages have recently commented on T. Citigroup raised their price target on AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Tigress Financial raised their target price on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI boosted their price target on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, July 25th. The Goldman Sachs Group began coverage on shares of AT&T in a research note on Monday, July 1st. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.38.
View Our Latest Stock Report on AT&T
About AT&T
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.
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