Retirement Planning Group Has $333,000 Position in AT&T Inc. (T)
Retirement Planning Group increased its stake in shares of AT&T Inc. (NYSE:T) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 7,702 shares of the company’s stock after buying an additional 7 shares during the period. Retirement Planning Group’s holdings in AT&T were worth $333,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of T. Proficio Capital Partners LLC raised its stake in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares during the last quarter. Taylor Wealth Management Partners raised its stake in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock worth $110,000 after buying an additional 700 shares during the last quarter. WealthTrust Arizona LLC raised its stake in shares of AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock worth $113,000 after buying an additional 300 shares during the last quarter. Invictus RG raised its stake in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock worth $138,000 after buying an additional 2,560 shares during the last quarter. Finally, JNBA Financial Advisors raised its stake in shares of AT&T by 6.6% in the second quarter. JNBA Financial Advisors now owns 3,852 shares of the company’s stock worth $166,000 after buying an additional 238 shares during the last quarter. Institutional investors own 53.66% of the company’s stock.
AT&T Inc. (NYSE:T) traded down 0.35% during trading on Monday, hitting $40.06. The stock had a trading volume of 16,182,836 shares. The stock’s 50-day moving average is $41.86 and its 200 day moving average is $40.26. The firm has a market cap of $246.45 billion, a price-to-earnings ratio of 17.27 and a beta of 0.28. AT&T Inc. has a one year low of $31.85 and a one year high of $43.89.
AT&T (NYSE:T) last posted 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 earned $40.50 billion during 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%. Equities analysts anticipate that AT&T Inc. will post $2.86 earnings per share for the current year.
T has been the topic of a number of research analyst reports. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target on the stock. in a research note on Tuesday, June 21st. Citigroup Inc. lowered AT&T from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $42.00 to $46.00 in a research note on Thursday, July 7th. They noted that the move was a valuation call. Jefferies Group restated a “buy” rating on shares of AT&T in a research note on Sunday, June 5th. Wells Fargo & Co. restated a “buy” rating on shares of AT&T in a research note on Friday, July 22nd. Finally, Barclays PLC upped their target price on AT&T from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $41.59.
In related news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is 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.
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