Janney Capital Management LLC lifted its holdings in AT&T Inc. (NYSE:T) by 30.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,041 shares of the technology company’s stock after acquiring an additional 4,390 shares during the quarter. Janney Capital Management LLC’s holdings in AT&T were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in T. Meeder Asset Management Inc. lifted its holdings in AT&T by 50.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 135,984 shares of the technology company’s stock worth $4,366,000 after buying an additional 45,615 shares in the last quarter. Eidelman Virant Capital lifted its holdings in AT&T by 130.9% during the 2nd quarter. Eidelman Virant Capital now owns 57,808 shares of the technology company’s stock worth $1,856,000 after buying an additional 32,776 shares in the last quarter. QV Investors Inc. lifted its holdings in AT&T by 19.1% during the 2nd quarter. QV Investors Inc. now owns 2,415,966 shares of the technology company’s stock worth $77,576,000 after buying an additional 386,670 shares in the last quarter. Rothschild Investment Corp IL lifted its holdings in AT&T by 9.0% during the 2nd quarter. Rothschild Investment Corp IL now owns 370,450 shares of the technology company’s stock worth $11,895,000 after buying an additional 30,689 shares in the last quarter. Finally, Cape ANN Savings Bank acquired a new position in AT&T during the 2nd quarter worth $913,000. 64.56% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on T shares. ValuEngine raised AT&T from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Moffett Nathanson cut shares of AT&T from a “neutral” rating to a “sell” rating and dropped their target price for the company from $35.00 to $28.00 in a research report on Wednesday, June 13th. Morgan Stanley reiterated an “overweight” rating and set a $37.00 target price on shares of AT&T in a research report on Wednesday, June 27th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, July 24th. Finally, Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research report on Wednesday, June 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $38.06.

T opened at $33.78 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81. AT&T Inc. has a 12 month low of $30.13 and a 12 month high of $39.80. The firm has a market capitalization of $207.38 billion, a P/E ratio of 11.08, a PEG ratio of 2.69 and a beta of 0.40.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating 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 business had revenue of $38.99 billion during the quarter, compared to analysts’ expectations of $38.45 billion. During the same quarter in the prior year, the company earned $0.79 EPS. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. sell-side analysts forecast that AT&T Inc. will post 3.52 earnings per share for the current fiscal year.

In related news, Director Matthew K. Rose bought 65,500 shares of AT&T stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average cost of $30.51 per share, with a total value of $1,998,405.00. Following the purchase, the director now owns 81,319 shares in the company, valued at $2,481,042.69. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Piazza Samuel A. Jr. Di bought 7,690 shares of AT&T stock in a transaction that occurred on Wednesday, August 8th. The stock was bought at an average cost of $32.48 per share, with a total value of $249,771.20. Following the completion of the purchase, the director now owns 31,405 shares in the company, valued at approximately $1,020,034.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.

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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