Round Hill Asset Management trimmed its stake in shares of AT&T Inc. (NYSE:T) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 117,766 shares of the technology company’s stock after selling 1,575 shares during the quarter. AT&T accounts for about 2.3% of Round Hill Asset Management’s holdings, making the stock its 12th largest position. Round Hill Asset Management’s holdings in AT&T were worth $3,945,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in T. Grimes & Company Inc. increased its position in shares of AT&T by 0.9% during the 2nd quarter. Grimes & Company Inc. now owns 33,782 shares of the technology company’s stock valued at $1,132,000 after purchasing an additional 294 shares during the last quarter. Interactive Financial Advisors increased its position in shares of AT&T by 16.7% during the 2nd quarter. Interactive Financial Advisors now owns 2,100 shares of the technology company’s stock valued at $70,000 after purchasing an additional 300 shares during the last quarter. Berkshire Money Management Inc. increased its position in shares of AT&T by 3.2% during the 2nd quarter. Berkshire Money Management Inc. now owns 9,891 shares of the technology company’s stock valued at $331,000 after purchasing an additional 305 shares during the last quarter. Oxbow Advisors LLC increased its position in shares of AT&T by 0.4% during the 2nd quarter. Oxbow Advisors LLC now owns 86,471 shares of the technology company’s stock valued at $2,898,000 after purchasing an additional 305 shares during the last quarter. Finally, Lenox Wealth Management Inc. increased its position in shares of AT&T by 6.0% during the 2nd quarter. Lenox Wealth Management Inc. now owns 5,409 shares of the technology company’s stock valued at $181,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 53.14% of the company’s stock.

In other AT&T news, CEO John T. Stankey sold 4,024 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total value of $137,419.60. Following the completion of the sale, the chief executive officer now owns 2,366 shares in the company, valued at approximately $80,798.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.07% of the company’s stock.

T stock traded down $0.36 during trading on Thursday, hitting $38.38. 36,123,800 shares of the company traded hands, compared to its average volume of 30,668,287. The firm has a market capitalization of $268.82 billion, a PE ratio of 10.90, a P/E/G ratio of 2.33 and a beta of 0.62. AT&T Inc. has a 1 year low of $26.80 and a 1 year high of $38.75. The company has a 50-day moving average of $34.91 and a 200-day moving average of $32.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 0.71.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $44.96 billion during the quarter, compared to analysts’ expectations of $44.97 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. AT&T’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. Sell-side analysts expect that AT&T Inc. will post 3.57 EPS for the current year.

T has been the topic of several recent research reports. Barclays increased their price objective on AT&T from $31.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday. They noted that the move was a valuation call. Raymond James increased their price objective on AT&T from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Bank of America reiterated a “buy” rating on shares of AT&T in a research report on Monday. Credit Suisse Group upgraded AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 25th. Finally, Cowen set a $40.00 target price on AT&T and gave the company a “buy” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $37.85.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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