GenTrust LLC Acquires New Stake in AT&T Inc. (T)
GenTrust LLC acquired a new stake in AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,858 shares of the company’s stock, valued at approximately $207,000.
Several other large investors have also added to or reduced their stakes in T. Elgethun Capital Management purchased a new stake in AT&T during the fourth quarter worth $100,000. Massey Quick & Co. LLC purchased a new stake in AT&T during the fourth quarter worth $102,000. WealthTrust Arizona LLC raised its stake in AT&T by 3.8% in the third quarter. WealthTrust Arizona LLC now owns 2,712 shares of the company’s stock worth $110,000 after buying an additional 100 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in AT&T during the third quarter worth $127,000. Finally, Concannon Wealth Management LLC raised its stake in AT&T by 40.3% in the third quarter. Concannon Wealth Management LLC now owns 3,145 shares of the company’s stock worth $128,000 after buying an additional 904 shares during the last quarter. 53.90% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE:T) opened at 42.42 on Tuesday. AT&T Inc. has a 12 month low of $36.10 and a 12 month high of $43.89. The company has a 50-day moving average of $41.75 and a 200 day moving average of $40.31. The company has a market capitalization of $260.53 billion, a P/E ratio of 20.21 and a beta of 0.39.
AT&T (NYSE:T) last released its earnings results on Wednesday, January 25th. The company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $41.80 billion for the quarter, compared to analysts’ expectations of $42.14 billion. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Analysts forecast that AT&T Inc. will post $2.94 EPS for the current year.
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A number of research firms recently weighed in on T. Drexel Hamilton raised shares of AT&T from a “hold” rating to a “buy” rating in a report on Tuesday, November 29th. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $40.31 price target for the company in a report on Monday, December 5th. Wells Fargo & Co reaffirmed an “outperform” rating on shares of AT&T in a report on Tuesday, December 6th. Instinet reaffirmed a “buy” rating and set a $46.00 price target on shares of AT&T in a report on Wednesday, November 30th. Finally, William Blair reaffirmed a “market perform” rating on shares of AT&T in a report on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.62.
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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