Cullinan Associates Inc. lifted its holdings in AT&T Inc. (NYSE:T) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,759 shares of the technology company’s stock after purchasing an additional 4,800 shares during the quarter. Cullinan Associates Inc.’s holdings in AT&T were worth $6,367,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Israel Discount Bank of New York raised its stake in AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after acquiring an additional 25 shares during the last quarter. Cim LLC raised its stake in AT&T by 1.0% in the 2nd quarter. Cim LLC now owns 6,399 shares of the technology company’s stock worth $241,000 after acquiring an additional 62 shares during the last quarter. Keel Point LLC raised its stake in AT&T by 0.4% in the 2nd quarter. Keel Point LLC now owns 20,182 shares of the technology company’s stock worth $761,000 after acquiring an additional 87 shares during the last quarter. Asset Planning Services Ltd. raised its stake in AT&T by 2.5% in the 2nd quarter. Asset Planning Services Ltd. now owns 4,273 shares of the technology company’s stock worth $161,000 after acquiring an additional 104 shares during the last quarter. Finally, AMG National Trust Bank raised its stake in AT&T by 0.3% in the 2nd quarter. AMG National Trust Bank now owns 43,712 shares of the technology company’s stock worth $1,649,000 after acquiring an additional 118 shares during the last quarter. 59.42% of the stock is owned by hedge funds and other institutional investors.

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Shares of AT&T Inc. (NYSE T) opened at $37.00 on Friday. AT&T Inc. has a 12-month low of $32.55 and a 12-month high of $42.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $226,990.00, a PE ratio of 24.83, a PEG ratio of 2.56 and a beta of 0.39.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm had revenue of $41.68 billion for the quarter, compared to analysts’ expectations of $41.21 billion. During the same period last year, the firm earned $0.66 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. analysts predict that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.

In other AT&T news, Director Richard W. Fisher bought 2,600 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at $99,060. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John Donovan bought 27,997 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the transaction, the chief executive officer now directly owns 179,834 shares in the company, valued at $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

A number of brokerages recently issued reports on T. SunTrust Banks raised their target price on AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price objective for the company. in a research note on Wednesday, November 29th. Argus reiterated a “buy” rating and set a $36.83 price objective (down previously from $48.00) on shares of AT&T in a research note on Wednesday, February 7th. Finally, Scotiabank set a $40.00 price objective on AT&T and gave the company a “hold” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.83.

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

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