WINTON GROUP Ltd Has $3.36 Million Stake in AT&T Inc. (T)
WINTON GROUP Ltd decreased its holdings in shares of AT&T Inc. (NYSE:T) by 79.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,043 shares of the technology company’s stock after selling 338,818 shares during the quarter. WINTON GROUP Ltd’s holdings in AT&T were worth $3,360,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Ullmann Financial Group Inc. bought a new position in AT&T during the 1st quarter worth approximately $101,000. Almanack Investment Partners LLC. bought a new position in AT&T in the first quarter valued at approximately $109,000. Sterling Investment Advisors Ltd. lifted its stake in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in AT&T in the second quarter valued at approximately $134,000. Finally, CKW Financial Group lifted its stake in AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after buying an additional 1,724 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.
In other news, Director Matthew K. Rose bought 29,600 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares in the company, valued at $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by insiders.
A number of research analysts have weighed in on T shares. Macquarie reaffirmed a “buy” rating and issued a $43.00 price target on shares of AT&T in a research note on Friday, September 1st. Jefferies Group reaffirmed a “buy” rating and issued a $48.00 price target on shares of AT&T in a research note on Thursday, August 24th. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price target on the stock. in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, October 11th. Finally, Standpoint Research started coverage on shares of AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.81.
AT&T Inc. (NYSE:T) traded down $0.06 during midday trading on Thursday, hitting $37.98. 13,082,402 shares of the stock were exchanged, compared to its average volume of 25,264,992. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $43.03. The firm has a market capitalization of $233,895.89, a P/E ratio of 13.00, a PEG ratio of 3.17 and a beta of 0.44.
AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. AT&T’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. sell-side analysts predict that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.
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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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