AT&T Inc. (T) Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. grew its position in AT&T Inc. (NYSE:T) by 15.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 76,543 shares of the technology company’s stock after acquiring an additional 10,092 shares during the period. AT&T comprises approximately 0.7% of Koshinski Asset Management Inc.’s portfolio, making the stock its 16th largest position. Koshinski Asset Management Inc.’s holdings in AT&T were worth $2,976,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of AT&T in the 2nd quarter valued at $314,000. New Capital Management LP boosted its stake in AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in AT&T in the 3rd quarter worth $104,000. Macroview Investment Management LLC boosted its stake in AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,595 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in AT&T in the 2nd quarter worth $134,000. 59.42% of the stock is owned by institutional investors.

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Shares of AT&T Inc. (NYSE:T) opened at $37.00 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70. The company has a market cap of $228,650.00, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.56 and a beta of 0.39.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion for the quarter, compared to analysts’ expectations of $41.21 billion. During the same period in the previous year, the firm posted $0.66 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts anticipate that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.

In other AT&T news, Director Richard W. Fisher purchased 2,600 shares of the business’s stock in a transaction on Monday, February 5th. The shares were purchased at an average cost of $38.10 per share, with a total value of $99,060.00. Following the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Donovan purchased 27,997 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the transaction, 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.

A number of brokerages recently weighed in on T. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 target price for the company. in a research note on Tuesday, February 13th. Bank of America upped their target price on shares of AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. 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 note on Tuesday, January 2nd. Guggenheim began coverage on shares of AT&T in a research note on Tuesday. They issued a “buy” rating and a $42.00 target price for the company. Finally, Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $41.83.

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About AT&T

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

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