Fox Run Management L.L.C. bought a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,249 shares of the technology company’s stock, valued at approximately $939,000.

Several other institutional investors and hedge funds have also bought and sold shares of T. BlackRock Inc. grew its stake in AT&T by 2.8% during the first quarter. BlackRock Inc. now owns 387,352,856 shares of the technology company’s stock valued at $13,809,130,000 after acquiring an additional 10,535,763 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in AT&T by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 70,565,450 shares of the technology company’s stock valued at $2,515,617,000 after acquiring an additional 879,436 shares in the last quarter. Geode Capital Management LLC grew its stake in AT&T by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 64,798,924 shares of the technology company’s stock valued at $2,514,091,000 after acquiring an additional 1,865,377 shares in the last quarter. Lazard Asset Management LLC grew its stake in AT&T by 53.3% during the fourth quarter. Lazard Asset Management LLC now owns 21,916,005 shares of the technology company’s stock valued at $852,092,000 after acquiring an additional 7,619,113 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in AT&T by 1.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,744,806 shares of the technology company’s stock valued at $668,252,000 after acquiring an additional 249,018 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

In other news, Director Matthew K. Rose purchased 65,500 shares of the stock in a transaction that occurred on Thursday, July 26th. The stock was bought at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the acquisition, the director now directly owns 81,319 shares of the company’s stock, valued at approximately $2,481,042.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average price of $32.48 per share, with a total value of $249,771.20. Following the completion of the acquisition, the director now directly owns 31,405 shares in the company, valued at $1,020,034.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Shares of T opened at $32.12 on Friday. The company has a market capitalization of $197.55 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.55 and a beta of 0.40. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81. AT&T Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $39.80.

AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The firm had revenue of $38.99 billion during the quarter, compared to analyst estimates of $38.45 billion. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 EPS. equities research analysts expect that AT&T Inc. will post 3.54 earnings per share for the current year.

A number of equities analysts have commented on T shares. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Bank of America raised shares of AT&T from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Monday, July 30th. They noted that the move was a valuation call. Credit Suisse Group started coverage on shares of AT&T in a research note on Tuesday, July 10th. They issued an “underperform” rating and a $29.00 price target for the company. Morgan Stanley reissued an “overweight” rating and issued a $37.00 price target on shares of AT&T in a research note on Wednesday, June 27th. Finally, ValuEngine cut shares of AT&T from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.21.

AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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