Epstein & White Financial LLC trimmed its position in AT&T Inc. (NYSE:T) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,436 shares of the technology company’s stock after selling 1,931 shares during the quarter. AT&T makes up approximately 0.7% of Epstein & White Financial LLC’s portfolio, making the stock its 17th largest position. Epstein & White Financial LLC’s holdings in AT&T were worth $960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in T. Heritage Investors Management Corp boosted its holdings in shares of AT&T by 14.9% during the second quarter. Heritage Investors Management Corp now owns 575,312 shares of the technology company’s stock worth $18,473,000 after purchasing an additional 74,756 shares during the period. Chicago Capital LLC boosted its holdings in shares of AT&T by 24.1% during the second quarter. Chicago Capital LLC now owns 79,804 shares of the technology company’s stock worth $2,563,000 after purchasing an additional 15,488 shares during the period. Narwhal Capital Management boosted its holdings in shares of AT&T by 83.5% during the second quarter. Narwhal Capital Management now owns 126,141 shares of the technology company’s stock worth $4,050,000 after purchasing an additional 57,400 shares during the period. Factory Mutual Insurance Co. boosted its holdings in shares of AT&T by 21.7% during the second quarter. Factory Mutual Insurance Co. now owns 2,562,124 shares of the technology company’s stock worth $82,270,000 after purchasing an additional 456,658 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of AT&T by 14.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 279,322 shares of the technology company’s stock worth $8,969,000 after purchasing an additional 35,297 shares during the period. Institutional investors own 64.72% of the company’s stock.

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

Several analysts recently commented on the stock. ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Wednesday. Macquarie restated a “buy” rating and set a $35.00 price target on shares of AT&T in a report on Wednesday. Raymond James cut shares of AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price target for the company. in a report on Friday, July 13th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, July 17th. Finally, JPMorgan Chase & Co. started coverage on shares of AT&T in a report on Tuesday, June 19th. They set a “neutral” rating and a $36.00 price target for the company. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.02.

NYSE:T opened at $33.60 on Friday. AT&T Inc. has a 12 month low of $30.13 and a 12 month high of $39.80. The company has a market capitalization of $205.17 billion, a PE ratio of 11.02, a PEG ratio of 2.65 and a beta of 0.40. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 0.81.

AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The company had revenue of $38.99 billion for the quarter, compared to analyst estimates of $38.45 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. analysts predict that AT&T Inc. will post 3.53 earnings per share for the current fiscal year.

AT&T 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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