Brick & Kyle Associates lifted its position in AT&T Inc. (NYSE:T) by 2.7% in the 1st quarter, HoldingsChannel reports. The fund owned 63,781 shares of the technology company’s stock after buying an additional 1,680 shares during the period. AT&T makes up approximately 1.7% of Brick & Kyle Associates’ investment portfolio, making the stock its 20th biggest holding. Brick & Kyle Associates’ holdings in AT&T were worth $2,000,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in AT&T by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after buying an additional 3,379,045 shares in the last quarter. Vanguard Group Inc lifted its position in AT&T by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after buying an additional 3,379,045 shares in the last quarter. Bank of New York Mellon Corp lifted its position in AT&T by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 73,430,336 shares of the technology company’s stock worth $2,465,790,000 after buying an additional 705,902 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in AT&T by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,223,649 shares of the technology company’s stock worth $813,430,000 after buying an additional 548,525 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of AT&T by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 21,383,855 shares of the technology company’s stock valued at $610,299,000 after purchasing an additional 3,097,958 shares in the last quarter. Institutional investors and hedge funds own 53.02% of the company’s stock.
NYSE:T traded up $0.06 during midday trading on Friday, reaching $32.35. The stock had a trading volume of 19,821,321 shares, compared to its average volume of 26,224,468. AT&T Inc. has a 1-year low of $26.80 and a 1-year high of $34.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $236.09 billion, a PE ratio of 9.19, a PEG ratio of 2.02 and a beta of 0.55.
AT&T (NYSE:T) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. The business had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. AT&T had a net margin of 10.59% and a return on equity of 13.16%. AT&T’s revenue was up 17.8% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. As a group, analysts anticipate that AT&T Inc. will post 3.58 EPS for the current fiscal year.
A number of research firms recently issued reports on T. ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. Desjardins reiterated an “average” rating and issued a $56.50 target price on shares of AT&T in a research note on Friday, April 5th. Finally, Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. AT&T has an average rating of “Buy” and a consensus price target of $36.35.
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AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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