Royal London Asset Management Ltd. Acquires 6,646 Shares of AT&T Inc. (NYSE:T)

Royal London Asset Management Ltd. grew its holdings in AT&T Inc. (NYSE:T) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,782,233 shares of the technology company’s stock after acquiring an additional 6,646 shares during the quarter. Royal London Asset Management Ltd. owned 0.05% of AT&T worth $86,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of T. Aviance Capital Partners LLC grew its holdings in shares of AT&T by 2.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 24,389 shares of the technology company’s stock worth $537,000 after purchasing an additional 501 shares in the last quarter. Prospera Financial Services Inc boosted its stake in AT&T by 25.4% during the third quarter. Prospera Financial Services Inc now owns 281,643 shares of the technology company’s stock worth $6,197,000 after buying an additional 57,047 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in AT&T by 4.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 195,222 shares of the technology company’s stock valued at $4,295,000 after buying an additional 8,386 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of AT&T in the 3rd quarter valued at $8,611,000. Finally, Kraft Davis & Associates LLC bought a new position in shares of AT&T during the 3rd quarter worth about $211,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of NYSE:T opened at $26.85 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The stock has a market capitalization of $192.75 billion, a P/E ratio of 18.02, a P/E/G ratio of 3.00 and a beta of 0.56. The business has a 50-day moving average price of $24.93 and a two-hundred day moving average price of $23.20.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on T. Royal Bank of Canada increased their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer initiated coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Finally, BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.79.

About AT&T

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.