AT&T Inc. (T) Shares Bought by Meridian Wealth Management LLC
Meridian Wealth Management LLC grew its position in shares of AT&T Inc. (NYSE:T) by 37.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 30,816 shares of the technology company’s stock after acquiring an additional 8,454 shares during the period. Meridian Wealth Management LLC’s holdings in AT&T were worth $1,280,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Feltz Wealth PLAN Inc. purchased a new position in shares of AT&T during the 1st quarter worth approximately $104,000. Taylor Wealth Management Partners grew its stake in shares of AT&T by 0.4% in the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of AT&T in the 1st quarter worth approximately $109,000. Sterling Investment Advisors Ltd. grew its stake in shares of AT&T by 289.1% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after buying an additional 2,024 shares during the last quarter. Finally, Asset Planning Services Ltd. grew its stake in shares of AT&T by 26.6% in the 1st quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock worth $173,000 after buying an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 55.01% of the company’s stock.
Shares of AT&T Inc. (NYSE T) traded up 0.394% during trading on Wednesday, reaching $36.403. The company had a trading volume of 10,718,795 shares. The company’s 50 day moving average is $37.75 and its 200-day moving average is $39.03. The stock has a market capitalization of $223.51 billion, a price-to-earnings ratio of 17.107 and a beta of 0.49. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03.
AT&T (NYSE:T) last posted its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post $2.94 earnings per share for the current year.
Several research firms recently weighed in on T. Macquarie restated a “buy” rating and issued a $43.00 price target on shares of AT&T in a research note on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research note on Thursday, August 24th. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target on the stock in a research note on Wednesday, August 16th. BidaskClub upgraded AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.41.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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