Wellington Shields Capital Management LLC Has $3.39 Million Stock Position in AT&T Inc. (NYSE:T)

Wellington Shields Capital Management LLC increased its holdings in AT&T Inc. (NYSE:T) by 273.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,880 shares of the technology company’s stock after acquiring an additional 109,060 shares during the period. Wellington Shields Capital Management LLC’s holdings in AT&T were worth $3,390,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Assetmark Inc. lifted its position in shares of AT&T by 4,986.1% during the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock worth $225,741,000 after buying an additional 9,719,036 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after acquiring an additional 5,649,277 shares during the last quarter. Amundi lifted its holdings in AT&T by 19.8% during the fourth quarter. Amundi now owns 33,963,826 shares of the technology company’s stock worth $753,318,000 after acquiring an additional 5,614,168 shares during the period. Geode Capital Management LLC boosted its position in AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock worth $3,532,684,000 after purchasing an additional 3,630,972 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in AT&T in the 4th quarter valued at $65,288,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.4 %

Shares of T stock opened at $26.09 on Friday. The company has a market capitalization of $187.24 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The business’s fifty day moving average is $24.59 and its 200 day moving average is $22.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. Citigroup lifted their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Company 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.