Castleview Partners LLC Boosts Holdings in AT&T Inc. $T

Castleview Partners LLC raised its position in AT&T Inc. (NYSE:T) by 42.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,363 shares of the technology company’s stock after buying an additional 5,753 shares during the quarter. Castleview Partners LLC’s holdings in AT&T were worth $560,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at approximately $26,000. Hager Investment Management Services LLC boosted its stake in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after buying an additional 641 shares in the last quarter. Core Alternative Capital grew its holdings in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after acquiring an additional 568 shares during the period. Finally, IMA Advisory Services Inc. acquired a new position in AT&T during the first quarter worth $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T opened at $28.34 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $202.63 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44. The firm has a 50-day moving average price of $28.55 and a two-hundred day moving average price of $27.85. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 3.4% on a year-over-year basis. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James Financial restated a “strong-buy” rating and set a $33.00 target price (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Scotiabank upped their target price on shares of AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, UBS Group set a $33.00 price target on shares of AT&T in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.74.

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.