Trust Co. of Virginia VA increased its position in AT&T Inc. (NYSE:T) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 276,126 shares of the company’s stock after buying an additional 16,065 shares during the period. AT&T makes up about 2.1% of Trust Co. of Virginia VA’s investment portfolio, making the stock its 8th largest position. Trust Co. of Virginia VA’s holdings in AT&T were worth $11,931,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Aviva PLC raised its position in shares of AT&T by 5.5% in the first quarter. Aviva PLC now owns 4,540,243 shares of the company’s stock worth $177,841,000 after buying an additional 237,012 shares during the last quarter. Community Trust & Investment Co. raised its position in shares of AT&T by 1.8% in the second quarter. Community Trust & Investment Co. now owns 516,263 shares of the company’s stock worth $22,307,000 after buying an additional 9,126 shares during the last quarter. Logan Capital Management Inc. raised its position in shares of AT&T by 0.3% in the first quarter. Logan Capital Management Inc. now owns 736,564 shares of the company’s stock worth $28,851,000 after buying an additional 2,079 shares during the last quarter. Credit Agricole S A raised its position in shares of AT&T by 12.6% in the first quarter. Credit Agricole S A now owns 5,299,940 shares of the company’s stock worth $207,598,000 after buying an additional 593,693 shares during the last quarter. Finally, Thomaspartners Inc. raised its position in shares of AT&T by 2.0% in the first quarter. Thomaspartners Inc. now owns 4,419,229 shares of the company’s stock worth $173,101,000 after buying an additional 87,066 shares during the last quarter. Institutional investors own 53.66% of the company’s stock.

AT&T Inc. (NYSE:T) traded down 0.62% during mid-day trading on Friday, hitting $40.20. 41,350,621 shares of the stock were exchanged. AT&T Inc. has a 52 week low of $31.85 and a 52 week high of $43.89. The company has a market capitalization of $247.31 billion, a PE ratio of 17.34 and a beta of 0.28. The stock’s 50-day moving average is $41.86 and its 200 day moving average is $40.26.

AT&T (NYSE:T) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The company earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. On average, analysts anticipate that AT&T Inc. will post $2.86 EPS for the current year.

A number of equities analysts have recently issued reports on T shares. Jefferies Group reiterated a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Thursday. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, July 5th. Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $41.37 price objective on the stock. in a report on Tuesday, June 7th. Barclays PLC restated an “overweight” rating and issued a $42.00 price objective on shares of AT&T in a report on Tuesday, June 28th. Finally, Buckingham Research lowered shares of AT&T from a “buy” rating to a “neutral” rating and increased their price objective for the company from $30.97 to $39.56 in a report on Friday, June 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $41.59.

In other news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares in the company, valued at approximately $589,230.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by insiders.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

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