SPC Financial Inc. boosted its holdings in shares of AT&T Inc. (NYSE:T) by 2.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 81,081 shares of the technology company’s stock after acquiring an additional 2,201 shares during the period. SPC Financial Inc.’s holdings in AT&T were worth $2,604,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC lifted its position in AT&T by 0.5% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 268,798 shares of the technology company’s stock valued at $10,451,000 after acquiring an additional 1,421 shares in the last quarter. Budros Ruhlin & Roe Inc. lifted its position in AT&T by 2.4% in the 4th quarter. Budros Ruhlin & Roe Inc. now owns 61,260 shares of the technology company’s stock valued at $2,382,000 after acquiring an additional 1,450 shares in the last quarter. Northstar Wealth Partners LLC lifted its position in AT&T by 2.4% in the 4th quarter. Northstar Wealth Partners LLC now owns 63,526 shares of the technology company’s stock valued at $2,430,000 after acquiring an additional 1,462 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in AT&T by 1.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 124,950 shares of the technology company’s stock valued at $4,858,000 after acquiring an additional 1,566 shares in the last quarter. Finally, Tiedemann Advisors LLC lifted its position in AT&T by 8.1% in the 1st quarter. Tiedemann Advisors LLC now owns 21,192 shares of the technology company’s stock valued at $754,000 after acquiring an additional 1,587 shares in the last quarter. 64.56% of the stock is owned by hedge funds and other institutional investors.

T has been the topic of several research reports. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, July 17th. Macquarie reissued a “buy” rating and set a $40.00 price target on shares of AT&T in a research report on Wednesday, May 30th. Bank of America raised shares of AT&T from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday, July 30th. They noted that the move was a valuation call. Jefferies Financial Group cut shares of AT&T from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.80 to $31.17 in a research report on Thursday, June 7th. Finally, Scotiabank set a $33.00 price target on shares of AT&T and gave the stock a “hold” rating in a research report on Monday, July 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.02.

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

AT&T stock opened at $33.72 on Wednesday. The stock has a market cap of $206.27 billion, a PE ratio of 11.06, a PEG ratio of 2.67 and a beta of 0.40. AT&T Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $39.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. The company had revenue of $38.99 billion for 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%. AT&T’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. research analysts expect that AT&T Inc. will post 3.53 EPS for the current fiscal year.

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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