United Fire Group Inc. continued to hold its stake in shares of AT&T Inc. (NYSE:T) during the second quarter, Holdings Channel reports. The firm owned 101,660 shares of the company’s stock at the end of the second quarter. AT&T makes up 1.8% of United Fire Group Inc.’s holdings, making the stock its 17th largest position. United Fire Group Inc.’s holdings in AT&T were worth $4,393,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in T. Cornerstone Investment Partners LLC increased its stake in AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the period. Capital Asset Advisory Services LLC increased its stake in AT&T by 0.6% in the first quarter. Capital Asset Advisory Services LLC now owns 9,901 shares of the company’s stock valued at $388,000 after buying an additional 60 shares during the period. Cohen Lawrence B increased its stake in AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the period. Nadler Financial Group Inc. increased its stake in AT&T by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 14,085 shares of the company’s stock valued at $609,000 after buying an additional 62 shares during the period. Finally, Smith & Howard Wealth Management LLC increased its stake in AT&T by 0.8% in the first quarter. Smith & Howard Wealth Management LLC now owns 8,220 shares of the company’s stock valued at $322,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 53.64% of the company’s stock.

Shares of AT&T Inc. (NYSE:T) traded up 1.53% on Wednesday, reaching $40.57. 19,129,570 shares of the company’s stock traded hands. The company has a 50 day moving average price of $41.47 and a 200 day moving average price of $40.35. The firm has a market capitalization of $249.59 billion, a price-to-earnings ratio of 17.49 and a beta of 0.28. AT&T Inc. has a 52 week low of $31.85 and a 52 week high of $43.89.

AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. On average, equities research analysts predict that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.

Several research firms have commented on T. Vetr downgraded shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target for the company. in a research note on Tuesday, June 21st. Barclays PLC restated a “buy” rating on shares of AT&T in a research note on Sunday, July 17th. S&P Equity Research set a $46.00 price target on shares of AT&T and gave the stock a “buy” rating in a research note on Sunday, July 24th. FBR & Co boosted their price target on shares of AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Finally, Robert W. Baird restated a “neutral” rating and issued a $41.00 price target on shares of AT&T in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. AT&T currently has a consensus rating of “Buy” and an average target price of $41.59.

In other news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the transaction, the chief executive officer now owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by insiders.

AT&T Company Profile

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

5 Day Chart for NYSE:T

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with MarketBeat.com's FREE daily email newsletter.