McGlone Suttner Wealth Management Inc. Buys 1,042 Shares of AT&T Inc. (NYSE:T)

McGlone Suttner Wealth Management Inc. raised its stake in AT&T Inc. (NYSE:T) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,493 shares of the technology company’s stock after acquiring an additional 1,042 shares during the period. 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 boosted its stake in AT&T by 11.3% in the fourth quarter. Uncommon Cents Investing LLC now owns 28,265 shares of the technology company’s stock worth $474,000 after purchasing an additional 2,877 shares in the last quarter. Ballast Inc. lifted its stake in shares of AT&T by 5.0% during the fourth quarter. Ballast Inc. now owns 43,433 shares of the technology company’s stock valued at $729,000 after acquiring an additional 2,079 shares during the period. Ritholtz Wealth Management lifted its stake in shares of AT&T by 34.3% during the fourth quarter. Ritholtz Wealth Management now owns 57,607 shares of the technology company’s stock valued at $967,000 after acquiring an additional 14,723 shares during the period. Trueblood Wealth Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at $219,000. Finally, FLC Capital Advisors lifted its stake in shares of AT&T by 32.9% during the fourth quarter. FLC Capital Advisors now owns 25,953 shares of the technology company’s stock valued at $435,000 after acquiring an additional 6,428 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

T traded up $0.05 during midday trading 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. The company has a market cap of $125.89 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.57. AT&T Inc. has a 1 year low of $13.43 and a 1 year 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 business has a fifty day moving average of $17.11 and a 200 day moving average of $16.27.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates 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%. AT&T’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. Citigroup increased their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Barclays increased their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.