Investment Partners Ltd. OH ADV increased its holdings in shares of AT&T Inc. (NYSE:T) by 7.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,119 shares of the technology company’s stock after purchasing an additional 1,403 shares during the quarter. Investment Partners Ltd. OH ADV’s holdings in AT&T were worth $797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning grew its position in AT&T by 3.1% in the first quarter. Creative Planning now owns 1,053,480 shares of the technology company’s stock valued at $43,772,000 after acquiring an additional 31,683 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in AT&T by 0.7% in the first quarter. Douglass Winthrop Advisors LLC now owns 260,573 shares of the technology company’s stock valued at $10,827,000 after acquiring an additional 1,691 shares in the last quarter. Gillespie Robinson & Grimm Inc. grew its position in AT&T by 1.3% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 7,963 shares of the technology company’s stock valued at $331,000 after acquiring an additional 100 shares in the last quarter. Forte Capital LLC ADV grew its position in AT&T by 14.7% in the first quarter. Forte Capital LLC ADV now owns 45,970 shares of the technology company’s stock valued at $1,910,000 after acquiring an additional 5,908 shares in the last quarter. Finally, GW&K Investment Management LLC grew its position in AT&T by 5.1% in the first quarter. GW&K Investment Management LLC now owns 756,535 shares of the technology company’s stock valued at $31,434,000 after acquiring an additional 36,756 shares in the last quarter. 55.01% of the stock is owned by hedge funds and other institutional investors.

AT&T Inc. (T) traded up 2.15% during midday trading on Friday, reaching $37.10. The company’s stock had a trading volume of 47,942,916 shares. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03. The firm has a 50 day moving average price of $37.65 and a 200 day moving average price of $38.92. The firm has a market capitalization of $227.79 billion, a PE ratio of 17.43 and a beta of 0.49.

AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. AT&T’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, analysts predict that AT&T Inc. will post $2.94 EPS for the current year.

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Several analysts have issued reports on the stock. Royal Bank Of Canada set a $42.00 price objective on shares of AT&T and gave the company a “hold” rating in a research report on Saturday, May 20th. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective for the company in a research report on Wednesday, August 16th. Cowen and Company reaffirmed a “market perform” rating and issued a $41.00 price objective (down previously from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Drexel Hamilton reaffirmed a “hold” rating on shares of AT&T in a research report on Friday, June 2nd. Finally, ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.41.

AT&T Company 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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