McGlone Suttner Wealth Management Inc. Has $344,000 Holdings in AT&T Inc. (NYSE:T)

McGlone Suttner Wealth Management Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,493 shares of the technology company’s stock after buying an additional 1,042 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in AT&T were worth $344,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Uncommon Cents Investing LLC raised its position in shares of AT&T by 11.3% during the 4th quarter. Uncommon Cents Investing LLC now owns 28,265 shares of the technology company’s stock valued at $474,000 after acquiring an additional 2,877 shares during the last quarter. Ballast Inc. increased its holdings in AT&T by 5.0% during the 4th quarter. Ballast Inc. now owns 43,433 shares of the technology company’s stock worth $729,000 after purchasing an additional 2,079 shares in the last quarter. Ritholtz Wealth Management increased its holdings in AT&T by 34.3% during the 4th quarter. Ritholtz Wealth Management now owns 57,607 shares of the technology company’s stock worth $967,000 after purchasing an additional 14,723 shares in the last quarter. Trueblood Wealth Management LLC bought a new position in AT&T during the 4th quarter worth about $219,000. Finally, FLC Capital Advisors boosted its stake in shares of AT&T by 32.9% during the 4th quarter. FLC Capital Advisors now owns 25,953 shares of the technology company’s stock worth $435,000 after buying an additional 6,428 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on T shares. Citigroup raised their target price on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 5th. Tigress Financial raised their target price on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.61.

AT&T Price Performance

NYSE T traded up $0.05 on Thursday, hitting $17.60. The stock had a trading volume of 33,453,327 shares, compared to its average volume of 38,842,688. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The company has a market capitalization of $125.89 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.57. The firm has a 50-day moving average of $17.11 and a 200-day moving average of $16.27.

AT&T (NYSE:T) last posted 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). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

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.