Whittier Trust Co. Acquires 433 Shares of AT&T Inc. (NYSE:T)

Whittier Trust Co. raised its stake in shares of AT&T Inc. (NYSE:T) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,394 shares of the technology company’s stock after buying an additional 433 shares during the period. Whittier Trust Co.’s holdings in AT&T were worth $1,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new position in shares of AT&T in the third quarter valued at approximately $1,030,000. Commerce Bank raised its holdings in AT&T by 0.9% in the 3rd quarter. Commerce Bank now owns 440,927 shares of the technology company’s stock worth $9,700,000 after acquiring an additional 3,921 shares during the period. Ontario Teachers Pension Plan Board lifted its position in AT&T by 71.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 36,409 shares of the technology company’s stock worth $801,000 after acquiring an additional 15,141 shares during the last quarter. Intech Investment Management LLC boosted its holdings in AT&T by 1.9% during the third quarter. Intech Investment Management LLC now owns 290,672 shares of the technology company’s stock valued at $6,395,000 after acquiring an additional 5,469 shares during the period. Finally, LPL Financial LLC grew its position in shares of AT&T by 5.3% in the third quarter. LPL Financial LLC now owns 9,400,282 shares of the technology company’s stock valued at $206,806,000 after purchasing an additional 475,614 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on T. JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Oppenheimer started coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

AT&T Trading Up 0.9 %

Shares of AT&T stock opened at $27.04 on Friday. The stock has a market capitalization of $194.06 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a 50-day simple moving average of $25.13 and a 200 day simple moving average of $23.28.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

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.