Carroll Financial Associates Inc. boosted its position in AT&T Inc. (NYSE:T) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,802 shares of the technology company’s stock after buying an additional 2,264 shares during the period. Carroll Financial Associates Inc.’s holdings in AT&T were worth $2,318,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Elgethun Capital Management purchased a new stake in shares of AT&T during the fourth quarter valued at $100,000. Massey Quick & Co. LLC purchased a new stake in shares of AT&T during the fourth quarter valued at $102,000. Empirical Finance LLC purchased a new stake in shares of AT&T during the fourth quarter valued at $116,000. Itau Unibanco Holding S.A. bought a new stake in AT&T during the third quarter valued at approximately $127,000. Finally, Integrated Wealth Counsel LLC boosted its stake in AT&T by 246.1% in the third quarter. Integrated Wealth Counsel LLC now owns 3,461 shares of the technology company’s stock valued at $141,000 after buying an additional 2,461 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.
AT&T Inc. (NYSE T) traded up 0.31% on Friday, hitting $38.96. 29,734,739 shares of the company were exchanged. The stock has a 50 day moving average of $38.54 and a 200 day moving average of $40.62. The company has a market capitalization of $239.53 billion, a price-to-earnings ratio of 19.05 and a beta of 0.48. AT&T Inc. has a 52 week low of $36.10 and a 52 week high of $43.89.
AT&T (NYSE:T) last posted its earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.74. AT&T had a return on equity of 14.22% and a net margin of 7.77%. The company had revenue of $39.40 billion for the quarter, compared to the consensus estimate of $40.50 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts predict that AT&T Inc. will post $2.90 EPS for the current fiscal year.
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T has been the topic of several research analyst reports. Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $43.09 price target on the stock. in a research note on Monday, February 20th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $42.00 price objective on shares of AT&T in a research note on Saturday, March 11th. Instinet reaffirmed a “buy” rating and issued a $45.00 price objective (down from $46.00) on shares of AT&T in a research note on Sunday, April 2nd. Argus reiterated a “buy” rating and issued a $51.00 target price on shares of AT&T in a report on Monday, April 10th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a report on Tuesday, April 11th. Twenty equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.16.
AT&T Company Profile
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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