Catawba Capital Management VA Boosts Stake in AT&T Inc. (T)
Catawba Capital Management VA lifted its stake in AT&T Inc. (NYSE:T) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,333 shares of the technology company’s stock after acquiring an additional 4,203 shares during the quarter. Catawba Capital Management VA’s holdings in AT&T were worth $3,371,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of T. Ullmann Financial Group Inc. acquired a new position in shares of AT&T in the first quarter worth $101,000. Feltz Wealth PLAN Inc. acquired a new position in shares of AT&T in the first quarter worth $104,000. Taylor Wealth Management Partners increased its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after acquiring an additional 11 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of AT&T in the first quarter worth $109,000. Finally, Sterling Investment Advisors Ltd. increased its stake in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,024 shares during the last quarter. 55.01% of the stock is currently owned by institutional investors and hedge funds.
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T has been the subject of a number of recent research reports. Macquarie reiterated a “buy” rating and issued a $43.00 price objective on shares of AT&T in a report on Friday, September 1st. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada set a $42.00 price objective on shares of AT&T and gave the stock a “hold” rating in a report on Saturday, May 20th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price objective for the company in a report on Wednesday, June 21st. Finally, Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $43.41.
AT&T Inc. (NYSE:T) traded up 2.15% on Friday, reaching $37.10. 47,942,916 shares of the company traded hands. The firm has a market cap of $227.79 billion, a P/E ratio of 17.43 and a beta of 0.49. The stock has a 50-day moving average price of $37.65 and a 200-day moving average price of $38.92. AT&T Inc. has a 52-week low of $35.10 and a 52-week high of $43.03.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The business 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%. AT&T’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. Analysts anticipate that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.
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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