Karpas Strategies LLC boosted its position in AT&T Inc. (NYSE:T) by 10.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,898 shares of the technology company’s stock after purchasing an additional 5,907 shares during the period. Karpas Strategies LLC’s holdings in AT&T were worth $2,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Spearhead Capital Advisors LLC increased its holdings in AT&T by 4.6% in the second quarter. Spearhead Capital Advisors LLC now owns 92,232 shares of the technology company’s stock valued at $2,962,000 after buying an additional 4,028 shares in the last quarter. Gateway Advisory LLC purchased a new position in AT&T in the second quarter valued at about $234,000. Tributary Capital Management LLC purchased a new position in AT&T in the second quarter valued at about $636,000. D.B. Root & Company LLC increased its holdings in AT&T by 9.1% in the second quarter. D.B. Root & Company LLC now owns 33,475 shares of the technology company’s stock valued at $1,075,000 after buying an additional 2,797 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its holdings in AT&T by 653.7% in the second quarter. Congress Asset Management Co. MA now owns 91,420 shares of the technology company’s stock valued at $2,935,000 after buying an additional 79,290 shares in the last quarter. Hedge funds and other institutional investors own 64.57% of the company’s stock.

In other news, Director Piazza Samuel A. Jr. Di bought 7,690 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average price of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the transaction, the director now owns 31,405 shares in the company, valued at $1,020,034.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew K. Rose bought 65,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were purchased at an average price of $30.51 per share, for a total transaction of $1,998,405.00. Following the transaction, the director now owns 81,319 shares of the company’s stock, valued at approximately $2,481,042.69. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

A number of research analysts have issued reports on T shares. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Tuesday, July 17th. Macquarie reaffirmed a “buy” rating and issued a $40.00 target price on shares of AT&T in a report on Wednesday, May 30th. Bank of America raised shares of AT&T from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Monday, July 30th. They noted that the move was a valuation call. UBS Group raised shares of AT&T from a “neutral” rating to a “buy” rating and increased their target price for the company from $33.00 to $38.00 in a report on Friday, September 21st. They noted that the move was a valuation call. Finally, Jefferies Financial Group cut shares of AT&T from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.80 to $31.17 in a report on Thursday, June 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.09.

Shares of NYSE T opened at $33.76 on Wednesday. AT&T Inc. has a 1 year low of $30.13 and a 1 year high of $39.80. The company has a market cap of $207.38 billion, a P/E ratio of 11.07, a PEG ratio of 2.69 and a beta of 0.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92.

AT&T (NYSE:T) last announced its earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The firm had revenue of $38.99 billion for the quarter, compared to analyst estimates of $38.45 billion. During the same quarter last year, the business earned $0.79 earnings per share. AT&T’s revenue was down 2.1% compared to the same quarter last year. sell-side analysts anticipate that AT&T Inc. will post 3.52 earnings per share for the current year.

AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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