Indiana Trust & Investment Management CO lessened its position in shares of AT&T Inc. (NYSE:T) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,929 shares of the technology company’s stock after selling 1,044 shares during the period. Indiana Trust & Investment Management CO’s holdings in AT&T were worth $751,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Taylor Wealth Management Partners raised its position in shares of AT&T by 0.4% during the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after purchasing an additional 11 shares during the period. Cornerstone Investment Partners LLC raised its position in shares of AT&T by 0.3% during the 1st quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock worth $398,000 after purchasing an additional 30 shares during the period. Cedar Wealth Management LLC raised its position in shares of AT&T by 0.9% during the 1st quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock worth $228,000 after purchasing an additional 50 shares during the period. Lathrop Investment Management Corp raised its position in shares of AT&T by 0.3% during the 1st quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock worth $1,037,000 after purchasing an additional 73 shares during the period. Finally, Gillespie Robinson & Grimm Inc. raised its position in shares of AT&T by 1.3% during the 1st quarter. Gillespie Robinson & Grimm Inc. now owns 7,963 shares of the technology company’s stock worth $331,000 after purchasing an additional 100 shares during the period. 55.01% of the stock is currently owned by institutional investors.

AT&T Inc. (NYSE:T) traded down 0.36% during midday trading on Thursday, hitting $36.42. The stock had a trading volume of 5,890,141 shares. The stock’s 50-day moving average is $37.75 and its 200-day moving average is $38.99. The company has a market cap of $223.62 billion, a P/E ratio of 17.11 and a beta of 0.49. AT&T Inc. has a one year low of $35.10 and a one year high of $43.03.

AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. Equities analysts predict that AT&T Inc. will post $2.94 EPS for the current fiscal year.

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T has been the topic of a number of research reports. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Macquarie reiterated a “buy” rating and set a $43.00 price target on shares of AT&T in a research report on Friday, September 1st. ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 price target on shares of AT&T in a research report on Sunday, July 9th. Finally, Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.41.

AT&T Profile

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

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