Chesley Taft & Associates LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 33.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,552 shares of the technology company’s stock after selling 41,336 shares during the quarter. Chesley Taft & Associates LLC’s holdings in AT&T were worth $3,171,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. New Capital Management LP boosted its stake in AT&T by 130.9% during the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of AT&T during the 3rd quarter worth approximately $104,000. Macroview Investment Management LLC lifted its position in shares of AT&T by 144.3% during the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after buying an additional 1,595 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of AT&T in the 2nd quarter worth approximately $134,000. Finally, Israel Discount Bank of New York raised its holdings in shares of 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 purchasing an additional 25 shares during the period. 59.42% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Inc. (NYSE:T) traded down $0.38 during trading on Wednesday, reaching $37.02. 13,343,625 shares of the company’s stock traded hands, compared to its average volume of 28,952,199. 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 stock has a market cap of $227,420.00, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.59 and a beta of 0.39.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.65 by $0.13. The firm had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. AT&T’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. research analysts predict that AT&T Inc. will post 3.48 earnings per share for the current year.
A number of equities research analysts have issued reports on T shares. Nomura lowered their target price on shares of AT&T to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. KeyCorp upped their target price on shares of AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research report on Tuesday, January 2nd. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.38 price target for the company in a research report on Wednesday, January 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $36.38 price objective (down from $48.00) on shares of AT&T in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.83.
In other news, EVP John T. Stankey sold 2,307 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.21, for a total value of $90,457.47. Following the completion of the sale, the executive vice president now directly owns 51,672 shares in the company, valued at $2,026,059.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Donovan acquired 27,997 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $35.68 per share, with a total value of $998,932.96. Following the completion of the transaction, the chief executive officer now owns 179,834 shares of the company’s stock, valued at approximately $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.
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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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