Mountain Hill Investment Partners Corp. Acquires Shares of 6,473 AT&T Inc. (NYSE:T)

Mountain Hill Investment Partners Corp. bought a new position in AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,473 shares of the technology company’s stock, valued at approximately $147,000.

Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in AT&T in the third quarter worth $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter worth about $28,000. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the period. YANKCOM Partnership bought a new stake in shares of AT&T during the 4th quarter valued at about $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $27.04 on Monday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average price is $25.13 and its two-hundred day moving average price is $23.32. The stock has a market cap of $194.06 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on T. Scotiabank lifted their target price on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 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 price target for the company. Finally, UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Profile

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.