Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of AT&T Inc. (NYSE:T) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,438,444 shares of the technology company’s stock after acquiring an additional 523,042 shares during the period. AT&T comprises 1.0% of Sumitomo Mitsui Trust Holdings Inc.’s portfolio, making the stock its 12th largest position. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of AT&T worth $695,682,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Holderness Investments Co. raised its stake in AT&T by 62.9% in the first quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock worth $4,008,000 after buying an additional 37,234 shares in the last quarter. Doyle Wealth Management raised its stake in AT&T by 4.3% in the second quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock worth $1,417,000 after buying an additional 1,559 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of AT&T by 4.8% during the second quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock valued at $2,641,000 after purchasing an additional 3,197 shares in the last quarter. Altfest L J & Co. Inc. increased its stake in shares of AT&T by 42.1% during the second quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock valued at $1,721,000 after purchasing an additional 13,510 shares in the last quarter. Finally, Welch Investments LLC increased its stake in shares of AT&T by 9.3% during the second quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock valued at $4,122,000 after purchasing an additional 9,291 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.
T has been the subject of a number of analyst reports. SunTrust Banks reaffirmed a “hold” rating and set a $36.00 target price on shares of AT&T in a research note on Friday, October 27th. Nomura decreased their target price on shares of AT&T to $42.00 and set a “buy” rating for the company in a research note on Tuesday, November 21st. Standpoint Research started coverage on shares of AT&T in a report on Wednesday, November 8th. They set a “buy” rating and a $40.00 price target on the stock. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price target on the stock in a report on Monday, October 16th. Finally, Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.81.
In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at $37.74 on Friday. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $43.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market cap of $233,895.89, a P/E ratio of 13.00, a P/E/G ratio of 3.17 and a beta of 0.44.
AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. analysts expect that AT&T Inc. will post 2.92 EPS for the current fiscal year.
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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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