FLC Capital Advisors Has $435,000 Position in AT&T Inc. (NYSE:T)

FLC Capital Advisors raised its stake in shares of AT&T Inc. (NYSE:T) by 32.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,953 shares of the technology company’s stock after acquiring an additional 6,428 shares during the period. FLC Capital Advisors’ holdings in AT&T were worth $435,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its stake in AT&T by 2.2% in the 2nd quarter. BlackRock Inc. now owns 534,767,576 shares of the technology company’s stock valued at $8,529,543,000 after acquiring an additional 11,639,588 shares during the period. State Street Corp raised its stake in 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 period. Newport Trust Company LLC raised its stake in 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 acquiring an additional 673,043 shares during the period. Morgan Stanley raised its stake in AT&T by 37.3% in the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after acquiring an additional 29,769,976 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its stake in AT&T by 85,003.0% in the 4th 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 period. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Tigress Financial lifted their target price on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Company lifted their target price on AT&T from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Friday, January 19th. Finally, Citigroup lifted their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.61.

AT&T Trading Up 2.3 %

T stock traded up $0.39 during midday trading on Wednesday, hitting $17.58. The company had a trading volume of 37,479,265 shares, compared to its average volume of 38,919,758. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $19.99. The stock’s 50 day moving average price is $17.08 and its 200 day moving average price is $16.26. The stock has a market cap of $125.71 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 2.58 and a beta of 0.57.

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

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.