Mountain Hill Investment Partners Corp. Purchases New Holdings in AT&T Inc. (NYSE:T)

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

Several other large investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the third quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in AT&T in the 4th quarter valued at approximately $28,000. YANKCOM Partnership purchased a new stake in AT&T in the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% during 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. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the 4th quarter valued at $34,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of NYSE T opened at $27.04 on Monday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97. The company has a market cap of $194.06 billion, a P/E ratio of 18.14, a P/E/G ratio of 3.00 and a beta of 0.56. The business’s 50 day moving average is $25.13 and its two-hundred day moving average is $23.32. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on T. Citigroup increased their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Scotiabank raised their price target on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Sanford C. Bernstein raised their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Oppenheimer started coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.