AT&T Inc. (T) Position Increased by Regentatlantic Capital LLC
Regentatlantic Capital LLC boosted its stake in AT&T Inc. (NYSE:T) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,640 shares of the technology company’s stock after acquiring an additional 4,565 shares during the period. Regentatlantic Capital LLC’s holdings in AT&T were worth $10,136,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in T. APG Asset Management N.V. boosted its holdings in AT&T by 7.1% in the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock valued at $638,314,000 after acquiring an additional 1,117,300 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in AT&T in the first quarter valued at $42,198,000. Schwab Charles Investment Management Inc. boosted its holdings in AT&T by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock valued at $928,960,000 after acquiring an additional 985,330 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in AT&T by 511.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,003,922 shares of the technology company’s stock valued at $37,878,000 after acquiring an additional 839,792 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in AT&T by 172.6% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 1,029,308 shares of the technology company’s stock valued at $38,650,000 after acquiring an additional 651,727 shares in the last quarter. Institutional investors and hedge funds own 54.99% of the company’s stock.
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AT&T Inc. (NYSE:T) traded up 0.97% during midday trading on Friday, hitting $38.59. 23,212,623 shares of the stock traded hands. The company has a 50-day moving average of $37.58 and a 200-day moving average of $38.81. The stock has a market cap of $236.94 billion, a PE ratio of 18.13 and a beta of 0.49. AT&T Inc. has a 12 month low of $35.10 and a 12 month high of $43.03.
AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share 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 return on equity of 14.53% and a net margin of 8.12%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $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.
A number of brokerages have recently commented on T. Macquarie restated a “buy” rating and set a $43.00 target price 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. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 target price on the stock in a report on Wednesday, June 21st. Drexel Hamilton restated a “hold” rating on shares of AT&T in a report on Friday, June 2nd. Finally, Cowen and Company restated a “market perform” rating and set a $41.00 target price (down previously from $43.00) on shares of AT&T in a report on Wednesday, July 26th. One equities 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 issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price 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.
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