Stifel Financial Corp grew its stake in AT&T Inc. (NYSE:T) by 18,965.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,941,889 shares of the technology company’s stock after purchasing an additional 4,915,969 shares during the quarter. AT&T makes up approximately 0.7% of Stifel Financial Corp’s investment portfolio, making the stock its 21st largest holding. Stifel Financial Corp owned approximately 0.08% of AT&T worth $193,917,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Welch Investments LLC increased its holdings in AT&T by 9.3% in the 2nd quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock valued at $4,122,000 after buying an additional 9,291 shares during the period. Tufton Capital Management increased its holdings in AT&T by 6.2% in the 2nd quarter. Tufton Capital Management now owns 183,433 shares of the technology company’s stock valued at $6,921,000 after buying an additional 10,654 shares during the period. Kistler Tiffany Companies LLC increased its holdings in AT&T by 11.9% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 35,527 shares of the technology company’s stock valued at $1,340,000 after buying an additional 3,788 shares during the period. Cadence Bank NA increased its holdings in AT&T by 0.3% in the 2nd quarter. Cadence Bank NA now owns 61,233 shares of the technology company’s stock valued at $2,310,000 after buying an additional 173 shares during the period. Finally, JFS Wealth Advisors LLC increased its holdings in AT&T by 1.2% in the 2nd quarter. JFS Wealth Advisors LLC now owns 30,382 shares of the technology company’s stock valued at $1,146,000 after buying an additional 355 shares during the period. 59.42% of the stock is currently owned by institutional investors.
AT&T Inc. (NYSE:T) traded down $0.36 during trading hours on Wednesday, hitting $37.03. 18,578,183 shares of the stock traded hands, compared to its average volume of 29,170,000. The company has a market cap of $227,420.00, a price-to-earnings ratio of 24.85, a P/E/G ratio of 2.59 and a beta of 0.39. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70.
AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.13. The company 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 for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. equities research analysts anticipate that AT&T Inc. will post 3.48 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks raised their price target on shares of AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. KeyCorp raised their price target on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $39.75 target price on the stock. in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. AT&T currently has an average rating of “Hold” and an average target price of $41.83.
In other AT&T news, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Donovan acquired 27,997 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the acquisition, 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. Insiders own 0.09% of the company’s stock.
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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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