Perkins Coie Trust Co Raises Position in AT&T Inc. (T)
Perkins Coie Trust Co raised its holdings in shares of AT&T Inc. (NYSE:T) by 4.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,082 shares of the technology company’s stock after buying an additional 2,983 shares during the period. AT&T comprises approximately 1.3% of Perkins Coie Trust Co’s investment portfolio, making the stock its 27th biggest position. Perkins Coie Trust Co’s holdings in AT&T were worth $2,417,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Ullmann Financial Group Inc. acquired a new position in AT&T in the 1st quarter worth approximately $101,000. Feltz Wealth PLAN Inc. acquired a new position in AT&T in the 1st quarter worth approximately $104,000. Taylor Wealth Management Partners boosted its stake in 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 purchasing an additional 11 shares during the period. Almanack Investment Partners LLC. acquired a new position in AT&T in the 1st quarter worth approximately $109,000. Finally, Sterling Investment Advisors Ltd. boosted its stake in 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 purchasing an additional 2,024 shares during the period. Hedge funds and other institutional investors own 54.99% of the company’s stock.
AT&T Inc. (NYSE:T) traded up 0.42% on Friday, reaching $38.38. 7,720,180 shares of the company were exchanged. The firm has a market capitalization of $235.65 billion, a PE ratio of 18.04 and a beta of 0.49. The stock has a 50 day moving average of $37.58 and a 200 day moving average of $38.81. AT&T Inc. has a 12-month low of $35.10 and a 12-month high of $43.03.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that AT&T Inc. will post $2.94 EPS for the current year.
A number of research firms recently commented on T. 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 note on Wednesday, August 16th. Robert W. Baird reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of AT&T in a research note on Thursday. 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 note on Wednesday, July 26th. Drexel Hamilton reaffirmed a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. Finally, ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, nineteen have given 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 a consensus rating of “Hold” and an average price target of $43.36.
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.
Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with MarketBeat.com's FREE daily email newsletter.