AT&T Inc. (T) Shares Bought by Thomaspartners Inc.
Thomaspartners Inc. raised its position in AT&T Inc. (NYSE:T) by 9.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,712,904 shares of the technology company’s stock after buying an additional 470,906 shares during the period. AT&T accounts for approximately 2.2% of Thomaspartners Inc.’s holdings, making the stock its 16th largest position. Thomaspartners Inc. owned about 0.09% of AT&T worth $237,371,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. RiverFront Investment Group LLC increased its position in shares of AT&T by 0.3% in the first quarter. RiverFront Investment Group LLC now owns 513,842 shares of the technology company’s stock worth $21,350,000 after buying an additional 1,614 shares in the last quarter. First Financial Bank N.A. Trust Division increased its position in shares of AT&T by 3.1% in the first quarter. First Financial Bank N.A. Trust Division now owns 190,133 shares of the technology company’s stock valued at $7,900,000 after buying an additional 5,636 shares during the period. Park National Corp OH increased its position in shares of AT&T by 5.2% in the first quarter. Park National Corp OH now owns 302,649 shares of the technology company’s stock valued at $12,575,000 after buying an additional 14,979 shares during the period. Lau Associates LLC increased its position in shares of AT&T by 44.5% in the first quarter. Lau Associates LLC now owns 13,973 shares of the technology company’s stock valued at $581,000 after buying an additional 4,301 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in shares of AT&T during the first quarter valued at $214,000. 55.00% of the stock is owned by hedge funds and other institutional investors.
AT&T Inc. (NYSE T) traded up 0.093% during trading on Friday, reaching $37.495. The company had a trading volume of 4,218,269 shares. The stock has a 50 day moving average price of $37.70 and a 200-day moving average price of $39.28. AT&T Inc. has a 52-week low of $35.81 and a 52-week high of $43.03. The company has a market capitalization of $230.22 billion, a PE ratio of 17.620 and a beta of 0.47.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.
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A number of brokerages have commented on T. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Thursday, August 24th. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective for the company in a report on Wednesday, August 16th. BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $41.00 price target (down previously from $43.00) on shares of AT&T in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.50.
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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