Amussen Hunsaker & Associates LLC Buys Shares of 9,143 AT&T Inc. (T)
Amussen Hunsaker & Associates LLC bought a new stake in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,143 shares of the technology company’s stock, valued at approximately $345,000.
Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after buying an additional 9,053,649 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of AT&T by 6,188.8% during the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock worth $260,343,000 after purchasing an additional 6,790,430 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of AT&T by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after purchasing an additional 5,619,434 shares in the last quarter. BlackRock Inc. grew its position in shares of AT&T by 1.1% during the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after purchasing an additional 4,104,136 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of AT&T by 31.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 15,881,088 shares of the technology company’s stock worth $599,193,000 after purchasing an additional 3,798,090 shares in the last quarter. 55.85% of the stock is currently owned by institutional investors.
T has been the topic of a number of analyst reports. Oppenheimer restated a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. Citigroup increased their target price on shares of AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. KeyCorp restated a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Deutsche Bank decreased their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $42.81.
AT&T Inc. (NYSE T) traded up $1.20 during midday trading on Wednesday, hitting $38.10. 46,399,900 shares of the company traded hands, compared to its average volume of 25,204,721. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $226,529.11, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 3.07 and a beta of 0.44. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $43.03.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS. equities research analysts predict that AT&T Inc. will post 2.92 earnings per share for the current year.
In other news, Director Matthew K. Rose purchased 29,600 shares of AT&T stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the transaction, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.
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AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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