P.A.W. Capital Corp grew its stake in AT&T Inc. (NYSE:T) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,000 shares of the technology company’s stock after purchasing an additional 2,000 shares during the quarter. AT&T makes up 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 20th biggest position. P.A.W. Capital Corp’s holdings in AT&T were worth $1,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in T. Wells Trecaso Financial Group LLC lifted its stake in shares of AT&T by 4.3% in the second quarter. Wells Trecaso Financial Group LLC now owns 111,988 shares of the technology company’s stock worth $3,596,000 after buying an additional 4,568 shares in the last quarter. Pratt Collard Advisory Partners LLC lifted its stake in shares of AT&T by 112.6% in the second quarter. Pratt Collard Advisory Partners LLC now owns 42,639 shares of the technology company’s stock worth $1,369,000 after buying an additional 22,579 shares in the last quarter. Strategic Financial Group LLC lifted its stake in shares of AT&T by 9.4% in the second quarter. Strategic Financial Group LLC now owns 35,241 shares of the technology company’s stock worth $1,131,000 after buying an additional 3,036 shares in the last quarter. Conning Inc. lifted its stake in shares of AT&T by 23.3% in the second quarter. Conning Inc. now owns 1,639,109 shares of the technology company’s stock worth $52,142,000 after buying an additional 310,118 shares in the last quarter. Finally, Main Street Research LLC lifted its stake in shares of AT&T by 90.8% in the second quarter. Main Street Research LLC now owns 64,941 shares of the technology company’s stock worth $2,085,000 after buying an additional 30,908 shares in the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank raised their price target on shares of AT&T from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday. UBS Group raised shares of AT&T from a “neutral” rating to a “buy” rating and raised their price target for the stock from $33.00 to $38.00 in a research note on Friday, September 21st. They noted that the move was a valuation call. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, Macquarie reaffirmed a “buy” rating and set a $35.00 target price on shares of AT&T in a research note on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $38.09.

In related news, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of AT&T stock in a transaction dated Wednesday, August 8th. The shares were acquired at an average cost of $32.48 per share, with a total value of $249,771.20. Following the purchase, the director now owns 31,405 shares of the company’s stock, valued at $1,020,034.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matthew K. Rose purchased 65,500 shares of AT&T stock in a transaction dated Thursday, July 26th. The stock was bought at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the completion of the purchase, the director now directly owns 81,319 shares in the company, 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 insiders.

Shares of T stock opened at $33.35 on Thursday. 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 Inc. has a 12 month low of $30.13 and a 12 month high of $39.80. The stock has a market cap of $208.17 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 2.70 and a beta of 0.40.

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