Uncommon Cents Investing LLC Acquires 2,877 Shares of AT&T Inc. (NYSE:T)

Uncommon Cents Investing LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,265 shares of the technology company’s stock after purchasing an additional 2,877 shares during the period. Uncommon Cents Investing LLC’s holdings in AT&T were worth $474,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Axiom Financial Strategies LLC raised its stake in AT&T by 12.2% in the 1st quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after acquiring an additional 1,941 shares during the period. Roundview Capital LLC raised its stake in AT&T by 62.3% in the 1st quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock valued at $582,000 after acquiring an additional 9,450 shares during the period. Sei Investments Co. raised its stake in AT&T by 23.1% in the 1st quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock valued at $25,983,000 after acquiring an additional 206,434 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in AT&T by 5.5% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock valued at $11,262,000 after buying an additional 25,028 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in AT&T by 1,191.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after buying an additional 11,722 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

NYSE T traded up $0.05 during trading hours on Thursday, hitting $17.60. 33,453,327 shares of the company’s stock traded hands, compared to its average volume of 38,842,688. The business’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $16.27. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $125.89 billion, a P/E ratio of 9.02, a P/E/G ratio of 2.59 and a beta of 0.57. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $19.99.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. Equities research analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on T shares. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays boosted their price objective on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Citigroup upped 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. Finally, Oppenheimer upgraded 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.61.

AT&T Company Profile

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.