HT Partners LLC continued to hold its position in shares of AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,000 shares of the technology company’s stock at the end of the second quarter. AT&T accounts for about 0.2% of HT Partners LLC’s investment portfolio, making the stock its 12th biggest position. HT Partners LLC’s holdings in AT&T were worth $415,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Ullmann Financial Group Inc. acquired a new position in AT&T in the 1st quarter valued at about $101,000. Feltz Wealth PLAN Inc. acquired a new position in AT&T in the 1st quarter valued at about $104,000. Taylor Wealth Management Partners grew its stake in AT&T by 0.4% in the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in AT&T in the 1st quarter valued at about $109,000. Finally, Sterling Investment Advisors Ltd. grew its stake in AT&T by 289.1% in the 1st 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 during the last quarter. Institutional investors own 55.01% of the company’s stock.
T has been the topic of a number of research reports. Royal Bank Of Canada set a $42.00 price target on shares of AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $38.92 price target on the stock. in a research note on Monday, May 22nd. Moffett Nathanson upgraded shares of AT&T from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. Finally, ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.41.
Shares of AT&T Inc. (T) traded up 2.15% during trading on Friday, reaching $37.10. 47,942,916 shares of the company traded hands. The stock has a market capitalization of $227.79 billion, a PE ratio of 17.43 and a beta of 0.49. The firm’s 50-day moving average is $37.65 and its 200-day moving average is $38.92. AT&T Inc. has a 12-month low of $35.10 and a 12-month high of $43.03.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same period in the previous year, the business posted $0.72 earnings per share. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts predict that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.
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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