Chevy Chase Trust Holdings LLC Buys 5,413 Shares of AT&T Inc. (NYSE:T)

Chevy Chase Trust Holdings LLC grew its position in shares of AT&T Inc. (NYSE:T) by 0.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,796,467 shares of the technology company’s stock after acquiring an additional 5,413 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in AT&T were worth $107,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Keystone Financial Group grew its position in AT&T by 196.3% during the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock valued at $5,322,000 after buying an additional 143,744 shares during the period. Capstone Wealth Management LLC purchased a new position in shares of AT&T during the 1st quarter worth $201,000. World Investment Advisors boosted its stake in shares of AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock worth $5,407,000 after acquiring an additional 63,359 shares during the last quarter. DigitalBridge Group Inc. grew its position in shares of AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after acquiring an additional 365,776 shares during the period. Finally, West Family Investments Inc. grew its position in shares of AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after acquiring an additional 15,680 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on T shares. TD Securities raised their target price on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. Wells Fargo & Company upped their price target on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. UBS Group reaffirmed a “buy” rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Barclays boosted their price objective on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, Evercore ISI raised their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.76.

AT&T Stock Up 1.7%

T opened at $28.23 on Tuesday. The company has a market capitalization of $203.13 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 3.87 and a beta of 0.41. The firm has a 50-day simple moving average of $27.55 and a two-hundred day simple moving average of $25.84. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. AT&T’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. Analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Company 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.