Guardian Investment Management boosted its holdings in shares of AT&T Inc. (NYSE:T) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,209 shares of the technology company’s stock after acquiring an additional 11,054 shares during the quarter. AT&T accounts for about 4.4% of Guardian Investment Management’s portfolio, making the stock its 3rd largest position. Guardian Investment Management’s holdings in AT&T were worth $4,598,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of T. BlackRock Inc. grew its holdings in AT&T by 2.8% during the 1st quarter. BlackRock Inc. now owns 387,352,856 shares of the technology company’s stock worth $13,809,130,000 after acquiring an additional 10,535,763 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in AT&T by 202.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 13,775,075 shares of the technology company’s stock worth $535,574,000 after acquiring an additional 9,225,075 shares during the last quarter. Lazard Asset Management LLC grew its holdings in AT&T by 53.3% during the 4th quarter. Lazard Asset Management LLC now owns 21,916,005 shares of the technology company’s stock worth $852,092,000 after acquiring an additional 7,619,113 shares during the last quarter. Boston Partners bought a new stake in AT&T during the 1st quarter worth approximately $162,658,000. Finally, Prudential Financial Inc. grew its holdings in AT&T by 37.6% during the 1st quarter. Prudential Financial Inc. now owns 15,978,233 shares of the technology company’s stock worth $569,624,000 after acquiring an additional 4,366,723 shares during the last quarter. 64.72% of the stock is currently owned by hedge funds and other institutional investors.
AT&T stock opened at $31.86 on Wednesday. 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 Inc. has a 12-month low of $30.13 and a 12-month high of $39.80. The firm has a market cap of $196.08 billion, a P/E ratio of 10.45, a P/E/G ratio of 2.53 and a beta of 0.40.
AT&T (NYSE:T) last released its earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share (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 the consensus estimate of $38.45 billion. During the same quarter in the previous year, the company earned $0.79 EPS. AT&T’s quarterly revenue was down 2.1% compared to the same quarter last year. equities research analysts expect that AT&T Inc. will post 3.54 EPS for the current fiscal year.
In other AT&T news, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of the stock in a transaction on Wednesday, August 8th. The shares were purchased at an average price of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the acquisition, the director now owns 31,405 shares in the company, valued at approximately $1,020,034.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matthew K. Rose acquired 65,500 shares of the stock in a transaction on Thursday, July 26th. The shares were acquired at an average price of $30.51 per share, for a total transaction of $1,998,405.00. Following the acquisition, the director now owns 81,319 shares of the company’s stock, valued at approximately $2,481,042.69. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.
A number of brokerages have recently issued reports on T. Moffett Nathanson downgraded shares of AT&T from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $35.00 to $28.00 in a research report on Wednesday, June 13th. Morgan Stanley restated an “overweight” rating and issued a $37.00 price target on shares of AT&T in a research report on Wednesday, June 27th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, July 24th. ValuEngine downgraded shares of AT&T from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Finally, Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research report on Wednesday, June 13th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average 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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