Kleinwort Benson Investors Dublin Ltd acquired a new stake in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,707,471 shares of the company’s stock, valued at approximately $73,780,000. AT&T makes up about 2.0% of Kleinwort Benson Investors Dublin Ltd’s holdings, making the stock its 8th largest position.

A number of other institutional investors have also recently made changes to their positions in T. Acadian Asset Management LLC raised its stake in shares of AT&T by 59.8% in the first quarter. Acadian Asset Management LLC now owns 10,456,380 shares of the company’s stock valued at $409,578,000 after buying an additional 3,914,151 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of AT&T by 12.8% in the first quarter. TIAA CREF Investment Management LLC now owns 24,011,256 shares of the company’s stock valued at $940,521,000 after buying an additional 2,733,411 shares during the last quarter. Atalanta Sosnoff Capital LLC raised its stake in shares of AT&T by 4,708.6% in the first quarter. Atalanta Sosnoff Capital LLC now owns 2,667,591 shares of the company’s stock valued at $104,489,000 after buying an additional 2,612,116 shares during the last quarter. Swedbank bought a new stake in shares of AT&T during the second quarter valued at approximately $104,188,000. Finally, American Century Companies Inc. raised its stake in shares of AT&T by 34.6% in the second quarter. American Century Companies Inc. now owns 8,346,666 shares of the company’s stock valued at $360,659,000 after buying an additional 2,146,128 shares during the last quarter. 53.64% of the stock is currently owned by institutional investors.

AT&T Inc. (NYSE:T) traded up 1.33% during trading on Thursday, hitting $41.11. The stock had a trading volume of 22,282,440 shares. The company’s 50-day moving average is $41.39 and its 200 day moving average is $40.35. AT&T Inc. has a 52 week low of $31.85 and a 52 week high of $43.89. The firm has a market cap of $252.91 billion, a PE ratio of 17.73 and a beta of 0.28.

AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The firm earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. Equities analysts expect that AT&T Inc. will post $2.86 EPS for the current fiscal year.

Several brokerages have commented on T. Barclays PLC restated a “buy” rating on shares of AT&T in a research report on Sunday, July 17th. S&P Equity Research set a $46.00 target price on shares of AT&T and gave the stock a “buy” rating in a research report on Sunday, July 24th. Pacific Crest reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, September 7th. Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $41.37 price objective on the stock. in a research report on Tuesday, June 7th. Finally, Zacks Investment Research lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. AT&T has a consensus rating of “Buy” and a consensus target price of $41.59.

In other news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the sale, the chief executive officer now directly owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.07% of the company’s stock.

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

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