AT&T Inc. (T) Shares Bought by Trust Co

Trust Co raised its stake in shares of AT&T Inc. (NYSE:T) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,136 shares of the technology company’s stock after purchasing an additional 1,358 shares during the period. AT&T accounts for 2.1% of Trust Co’s portfolio, making the stock its 19th largest position. Trust Co’s holdings in AT&T were worth $4,493,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of T. Taylor Wealth Management Partners increased its position in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after acquiring an additional 11 shares in the last quarter. Cedar Wealth Management LLC increased its position in shares of AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock worth $228,000 after acquiring an additional 50 shares in the last quarter. Lathrop Investment Management Corp increased its position in shares of AT&T by 0.3% in the first quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock worth $1,037,000 after acquiring an additional 73 shares in the last quarter. Gillespie Robinson & Grimm Inc. increased its position in shares of AT&T by 1.3% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 7,963 shares of the technology company’s stock worth $331,000 after acquiring an additional 100 shares in the last quarter. Finally, Blue Chip Partners Inc. increased its position in shares of AT&T by 0.3% in the first quarter. Blue Chip Partners Inc. now owns 39,348 shares of the technology company’s stock worth $1,635,000 after acquiring an additional 131 shares in the last quarter. 54.99% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on T. Macquarie restated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 target price for the company in a research note on Wednesday, June 21st. Drexel Hamilton restated a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. Finally, Cowen and Company restated a “market perform” rating and issued a $41.00 target price (down from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.41.

AT&T Inc. (NYSE T) traded up 0.0396% on Monday, hitting $37.1147. 15,125,234 shares of the stock were exchanged. The company’s 50 day moving average is $37.65 and its 200 day moving average is $38.92. The stock has a market cap of $227.88 billion, a PE ratio of 17.4411 and a beta of 0.49. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03.

AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that AT&T Inc. will post $2.94 earnings per share for the current year.

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AT&T 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.

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

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