Sustainable Insight Capital Management LLC Increases Position in AT&T Inc. (T)

Sustainable Insight Capital Management LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,795 shares of the technology company’s stock after buying an additional 5,195 shares during the period. AT&T comprises 1.1% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Sustainable Insight Capital Management LLC’s holdings in AT&T were worth $2,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in T. Strategic Global Advisors LLC grew its position in shares of AT&T by 80.1% in the first quarter. Strategic Global Advisors LLC now owns 43,024 shares of the technology company’s stock valued at $1,534,000 after purchasing an additional 19,136 shares during the last quarter. Quadrant Private Wealth Management LLC grew its position in shares of AT&T by 10.8% in the first quarter. Quadrant Private Wealth Management LLC now owns 17,170 shares of the technology company’s stock valued at $612,000 after purchasing an additional 1,670 shares during the last quarter. BB&T Securities LLC grew its position in shares of AT&T by 12.1% in the first quarter. BB&T Securities LLC now owns 2,027,753 shares of the technology company’s stock valued at $72,289,000 after purchasing an additional 219,287 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of AT&T by 7.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,353,286 shares of the technology company’s stock valued at $48,245,000 after purchasing an additional 98,708 shares during the last quarter. Finally, Credit Agricole S A grew its position in shares of AT&T by 2.7% in the first quarter. Credit Agricole S A now owns 168,435 shares of the technology company’s stock valued at $6,005,000 after purchasing an additional 4,445 shares during the last quarter. 63.61% of the stock is currently owned by institutional investors.

Shares of NYSE T opened at $30.14 on Friday. AT&T Inc. has a 1 year low of $28.85 and a 1 year high of $39.33. The company has a market cap of $187.42 billion, a P/E ratio of 9.88, a PEG ratio of 1.68 and a beta of 0.44. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.04). AT&T had a return on equity of 13.61% and a net margin of 20.40%. The firm had revenue of $45.74 billion for the quarter, compared to analyst estimates of $45.73 billion. During the same quarter last year, the business posted $0.74 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Sell-side analysts anticipate that AT&T Inc. will post 3.51 earnings per share for the current year.

Several analysts have recently commented on T shares. Argus reiterated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research report on Friday, October 26th. Macquarie reiterated a “buy” rating and issued a $35.00 price target on shares of AT&T in a research report on Wednesday, September 12th. Zacks Investment Research lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Bank of America set a $37.00 price target on shares of AT&T and gave the company a “buy” rating in a research report on Monday, November 19th. Finally, Cowen upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and increased their price target for the company from $34.00 to $36.00 in a research report on Monday, December 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.42.

In other news, Director Michael B. Mccallister bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average price of $29.14 per share, for a total transaction of $116,560.00. Following the completion of the transaction, the director now owns 7,361 shares in the company, valued at $214,499.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by company insiders.

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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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