KBC Group NV Has $64,593,000 Stake in AT&T Inc. (T)
KBC Group NV increased its stake in AT&T Inc. (NYSE:T) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,494,861 shares of the company’s stock after buying an additional 134,135 shares during the period. AT&T accounts for approximately 0.9% of KBC Group NV’s portfolio, making the stock its 11th largest position. KBC Group NV’s holdings in AT&T were worth $64,593,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in T. Choate Investment Advisors boosted its stake in AT&T by 18.0% in the fourth quarter. Choate Investment Advisors now owns 51,263 shares of the company’s stock worth $1,722,000 after buying an additional 7,808 shares during the period. Beacon Financial Group boosted its stake in AT&T by 8.9% in the first quarter. Beacon Financial Group now owns 50,592 shares of the company’s stock worth $1,991,000 after buying an additional 4,152 shares during the period. Renaissance Investment Group LLC acquired a new stake in AT&T during the first quarter worth approximately $2,491,000. First American Trust FSB boosted its stake in AT&T by 24.3% in the first quarter. First American Trust FSB now owns 164,019 shares of the company’s stock worth $6,424,000 after buying an additional 32,045 shares during the period. Finally, Stock Yards Bank & Trust Co. boosted its stake in AT&T by 1.2% in the first quarter. Stock Yards Bank & Trust Co. now owns 388,900 shares of the company’s stock worth $15,233,000 after buying an additional 4,474 shares during the period. 53.66% of the stock is currently owned by institutional investors.
AT&T Inc. (NYSE:T) traded down 0.25% during trading on Tuesday, hitting $39.96. 14,197,463 shares of the company’s stock traded hands. AT&T Inc. has a 12-month low of $31.85 and a 12-month high of $43.89. The stock has a market cap of $245.83 billion, a P/E ratio of 17.23 and a beta of 0.28. The firm’s 50-day moving average price is $41.56 and its 200 day moving average price is $40.34.
AT&T (NYSE:T) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $40.50 billion for 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%. Analysts anticipate that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
A number of research firms have recently commented on T. S&P Equity Research set a $46.00 target price on AT&T and gave the company a “buy” rating in a research report on Sunday, July 24th. Vetr cut AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price on the stock. in a research report on Tuesday, June 21st. Wells Fargo & Co. restated a “buy” rating on shares of AT&T in a research report on Friday, July 22nd. Barclays PLC lifted their price objective on AT&T from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, July 15th. Finally, Jefferies Group reiterated a “buy” rating on shares of AT&T in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.59.
In other news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 13,583 shares in the company, valued at $589,230.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by insiders.
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.
Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.