AMG National Trust Bank increased its stake in shares of AT&T Inc. (NYSE:T) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 29,794 shares of the company’s stock after buying an additional 420 shares during the period. AMG National Trust Bank’s holdings in AT&T were worth $1,287,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Choate Investment Advisors increased its stake in shares of AT&T by 18.0% in the fourth quarter. Choate Investment Advisors now owns 51,263 shares of the company’s stock valued at $1,722,000 after buying an additional 7,808 shares in the last quarter. Beacon Financial Group increased its stake in shares of AT&T by 8.9% in the first quarter. Beacon Financial Group now owns 50,592 shares of the company’s stock valued at $1,991,000 after buying an additional 4,152 shares in the last quarter. Renaissance Investment Group LLC acquired a new stake in shares of AT&T during the first quarter valued at about $2,491,000. First American Trust FSB increased its stake in shares of AT&T by 24.3% in the first quarter. First American Trust FSB now owns 164,019 shares of the company’s stock valued at $6,424,000 after buying an additional 32,045 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. increased its stake in shares of AT&T by 1.2% in the first quarter. Stock Yards Bank & Trust Co. now owns 388,900 shares of the company’s stock valued at $15,233,000 after buying an additional 4,474 shares in the last quarter. 53.66% of the stock is owned by institutional investors.

AT&T Inc. (NYSE:T) traded down 0.25% during trading on Tuesday, hitting $39.96. The company had a trading volume of 14,197,463 shares. The stock has a market capitalization of $245.83 billion, a price-to-earnings ratio of 17.23 and a beta of 0.28. The company’s 50 day moving average price is $41.56 and its 200-day moving average price is $40.34. AT&T Inc. has a 1-year low of $31.85 and a 1-year high of $43.89.

AT&T (NYSE:T) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, analysts expect that AT&T Inc. will post $2.86 EPS for the current year.

T has been the subject of several research reports. Jefferies Group reaffirmed a “buy” rating and set a $48.00 price target on shares of AT&T in a report on Thursday, September 15th. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, July 5th. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $41.37 price target for the company. in a report on Tuesday, June 7th. Barclays PLC reaffirmed an “overweight” rating and set a $42.00 price target on shares of AT&T in a report on Tuesday, June 28th. Finally, Buckingham Research downgraded AT&T from a “buy” rating to a “neutral” rating and raised their price target 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 investment 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 a consensus rating of “Buy” and an average price target of $41.59.

In related news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

AT&T Company Profile

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.

5 Day Chart for NYSE:T

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