Efficient Advisors LLC Invests $202,000 in AT&T Inc. (T)
Efficient Advisors LLC bought a new position in AT&T Inc. (NYSE:T) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,975 shares of the company’s stock, valued at approximately $202,000.
Several other large investors have also recently added to or reduced their stakes in the company. HL Financial Services LLC increased its stake in AT&T by 3.3% in the second quarter. HL Financial Services LLC now owns 540,916 shares of the company’s stock worth $23,373,000 after buying an additional 17,231 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in AT&T during the second quarter worth $35,829,000. Northern Trust Corp increased its stake in AT&T by 0.9% in the third quarter. Northern Trust Corp now owns 71,909,741 shares of the company’s stock worth $2,920,255,000 after buying an additional 625,306 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in AT&T by 5.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,152,295 shares of the company’s stock worth $209,230,000 after buying an additional 288,461 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in AT&T by 6.2% in the third quarter. Advisor Group Inc. now owns 951,094 shares of the company’s stock worth $37,915,000 after buying an additional 55,214 shares during the last quarter. Institutional investors own 53.90% of the company’s stock.
AT&T Inc. (NYSE:T) opened at 41.25 on Friday. AT&T Inc. has a 52-week low of $36.10 and a 52-week high of $43.89. The firm has a market capitalization of $253.23 billion, a PE ratio of 19.64 and a beta of 0.39. The stock’s 50 day moving average price is $41.48 and its 200 day moving average price is $40.35.
AT&T (NYSE:T) last announced its earnings results on Wednesday, January 25th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. The business earned $41.80 billion during the quarter, compared to analyst estimates of $42.14 billion. AT&T had a return on equity of 14.15% and a net margin of 7.92%. AT&T’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. On average, analysts predict that AT&T Inc. will post $2.95 EPS for the current fiscal year.
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T has been the subject of a number of recent research reports. Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a research report on Tuesday, December 6th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $41.05 price objective for the company. in a report on Tuesday, November 1st. William Blair reiterated a “market perform” rating on shares of AT&T in a report on Saturday, January 28th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $46.00 price objective on shares of AT&T in a report on Tuesday, October 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price objective (down previously from $48.00) on shares of AT&T in a report on Friday, October 21st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.61.
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.
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