Eagle Strategies LLC Takes Position in AT&T Inc. (NYSE:T)

Eagle Strategies LLC acquired a new stake in AT&T Inc. (NYSE:T - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,874 shares of the technology company's stock, valued at approximately $279,000.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of AT&T in the fourth quarter valued at $1,858,418,000. GQG Partners LLC boosted its stake in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after acquiring an additional 12,881,578 shares during the last quarter. Northern Trust Corp lifted its position in shares of AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after buying an additional 10,945,679 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after buying an additional 9,719,036 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Williams Trading set a $30.00 price objective on shares of AT&T in a report on Thursday, April 24th. Wells Fargo & Company raised their target price on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada raised their target price on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $28.76.

AT&T Stock Up 1.7%

AT&T stock opened at $28.23 on Tuesday. The firm has a market cap of $203.13 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 3.87 and a beta of 0.41. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.03. The firm has a fifty day moving average price of $27.55 and a two-hundred day moving average price of $25.84.

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

AT&T 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.

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