P.A.W. Capital Corp Has $1.45 Million Holdings in AT&T Inc. (T)

P.A.W. Capital Corp raised its stake in AT&T Inc. (NYSE:T) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,000 shares of the technology company’s stock after acquiring an additional 2,000 shares during the period. AT&T makes up about 1.5% of P.A.W. Capital Corp’s portfolio, making the stock its 20th biggest holding. P.A.W. Capital Corp’s holdings in AT&T were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in T. HC Financial Advisors Inc. purchased a new position in shares of AT&T during the fourth quarter worth $1,136,000. Ascend Capital LLC raised its holdings in shares of AT&T by 166.1% during the fourth quarter. Ascend Capital LLC now owns 1,132,005 shares of the technology company’s stock worth $44,012,000 after purchasing an additional 706,635 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of AT&T by 4,507.9% during the fourth quarter. Mackenzie Financial Corp now owns 1,527,341 shares of the technology company’s stock worth $59,383,000 after purchasing an additional 1,494,195 shares during the last quarter. Martin Capital Partners LLC purchased a new position in shares of AT&T during the fourth quarter worth $2,013,000. Finally, Lipe & Dalton raised its holdings in shares of AT&T by 35.0% during the fourth quarter. Lipe & Dalton now owns 12,720 shares of the technology company’s stock worth $495,000 after purchasing an additional 3,300 shares during the last quarter. 64.57% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Matthew K. Rose bought 65,500 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were acquired at an average price of $30.51 per share, for a total transaction of $1,998,405.00. Following the completion of the transaction, the director now directly owns 81,319 shares in the company, valued at $2,481,042.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Piazza Samuel A. Jr. Di bought 7,690 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was bought at an average price of $32.48 per share, for a total transaction of $249,771.20. Following the transaction, the director now owns 31,405 shares of the company’s stock, valued at $1,020,034.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

Several research analysts recently issued reports on T shares. Bank of America reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 21st. UBS Group raised shares of AT&T from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 13th. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $41.00 target price for the company in a report on Wednesday, June 13th. Morgan Stanley reissued an “overweight” rating and set a $37.00 target price on shares of AT&T in a report on Wednesday, June 27th. Finally, Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.09.

T stock opened at $33.35 on Thursday. The firm has a market cap of $208.17 billion, a P/E ratio of 10.93, a PEG ratio of 2.70 and a beta of 0.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. AT&T Inc. has a one year low of $30.13 and a one year high of $39.80.

AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The company had revenue of $38.99 billion for the quarter, compared to analyst estimates of $38.45 billion. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. research analysts predict that AT&T Inc. will post 3.52 earnings per share for the current year.

AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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