Chartwell Investment Partners LLC cut its stake in AT&T Inc. (NYSE:T) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 432,669 shares of the technology company’s stock after selling 26,905 shares during the quarter. Chartwell Investment Partners LLC’s holdings in AT&T were worth $16,324,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. RiverFront Investment Group LLC boosted its position in AT&T by 0.3% during the 1st quarter. RiverFront Investment Group LLC now owns 513,842 shares of the technology company’s stock worth $21,350,000 after acquiring an additional 1,614 shares during the last quarter. Benedict Financial Advisors Inc. boosted its position in AT&T by 3.3% during the 1st quarter. Benedict Financial Advisors Inc. now owns 71,555 shares of the technology company’s stock worth $2,973,000 after acquiring an additional 2,259 shares during the last quarter. iAB Financial Bank boosted its position in AT&T by 2.5% during the 1st quarter. iAB Financial Bank now owns 21,840 shares of the technology company’s stock worth $907,000 after acquiring an additional 540 shares during the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of AT&T by 3.1% in the 1st quarter. Moloney Securities Asset Management LLC now owns 79,410 shares of the technology company’s stock valued at $3,299,000 after buying an additional 2,403 shares during the last quarter. Finally, Callahan Advisors LLC boosted its holdings in shares of AT&T by 3.9% in the 1st quarter. Callahan Advisors LLC now owns 241,132 shares of the technology company’s stock valued at $10,019,000 after buying an additional 8,993 shares during the last quarter. 55.86% of the stock is owned by institutional investors.
T has been the topic of several recent research reports. SunTrust Banks reiterated a “hold” rating and set a $36.00 price objective on shares of AT&T in a research report on Friday, October 27th. Nomura decreased their price target on AT&T to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, November 21st. Standpoint Research started coverage on AT&T in a research report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, October 11th. Finally, Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price target on the stock in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $42.81.
AT&T Inc. (NYSE T) traded up $0.06 during midday trading on Thursday, hitting $36.17. The stock had a trading volume of 24,528,571 shares, compared to its average volume of 25,120,127. The company has a market capitalization of $222,880.00, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 3.04 and a beta of 0.44. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $43.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. equities analysts expect that AT&T Inc. will post 2.92 EPS for the current year.
In related news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by insiders.
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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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