Glenview Trust Co purchased a new position in shares of AT&T Inc. (NYSE:T) during the fourth quarter, Holdings Channel reports. The fund purchased 121,543 shares of the company’s stock, valued at approximately $5,169,000.

Other hedge funds have also bought and sold shares of the company. Elgethun Capital Management purchased a new stake in AT&T during the fourth quarter worth approximately $100,000. Massey Quick & Co. LLC purchased a new stake in AT&T during the fourth quarter worth approximately $102,000. WealthTrust Arizona LLC boosted 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 period. Itau Unibanco Holding S.A. purchased a new stake in AT&T during the third quarter worth approximately $127,000. Finally, Concannon Wealth Management LLC boosted 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 period. Institutional investors own 53.90% of the company’s stock.

Institutional Ownership by Quarter for AT&T (NYSE:T)

Shares of AT&T Inc. (NYSE:T) opened at 42.42 on Tuesday. The stock has a market cap of $260.53 billion, a price-to-earnings ratio of 20.21 and a beta of 0.39. The firm has a 50-day moving average price of $41.75 and a 200-day moving average price of $40.31. AT&T Inc. has a one year low of $36.10 and a one year high of $43.89.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 25th. The company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The company earned $41.80 billion during the quarter, compared to the consensus estimate of $42.14 billion. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. Analysts anticipate that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.

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A number of analysts have recently commented on T shares. Vetr cut AT&T from a “buy” rating to a “hold” rating and set a $39.81 target price on the stock. in a research report on Tuesday, November 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Tuesday, November 29th. William Blair reiterated a “market perform” rating on shares of AT&T in a research report on Wednesday, November 30th. Instinet reiterated a “buy” rating and set a $46.00 target price on shares of AT&T in a research report on Wednesday, November 30th. Finally, Drexel Hamilton upgraded AT&T from a “hold” rating to a “buy” rating in a research report on Tuesday, November 29th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and an average target price of $43.62.

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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