Vanguard Group Inc. lifted its position in shares of AT&T Inc. (NYSE:T) by 0.6% during the third quarter, HoldingsChannel reports. The firm owned 531,005,481 shares of the technology company’s stock after acquiring an additional 3,379,045 shares during the period. AT&T makes up 0.7% of Vanguard Group Inc.’s holdings, making the stock its 15th largest holding. Vanguard Group Inc. owned about 0.09% of AT&T worth $17,831,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthPLAN Partners LLC increased its holdings in AT&T by 10.4% during the third quarter. WealthPLAN Partners LLC now owns 195,558 shares of the technology company’s stock worth $5,753,000 after buying an additional 18,391 shares during the last quarter. Matthew Goff Investment Advisor LLC purchased a new stake in AT&T during the third quarter worth about $279,000. Buckingham Capital Management Inc. increased its holdings in AT&T by 4.7% during the third quarter. Buckingham Capital Management Inc. now owns 102,111 shares of the technology company’s stock worth $3,429,000 after buying an additional 4,567 shares during the last quarter. Waldron Private Wealth LLC increased its holdings in AT&T by 4.8% during the third quarter. Waldron Private Wealth LLC now owns 97,153 shares of the technology company’s stock worth $3,262,000 after buying an additional 4,487 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in AT&T by 3,209.0% during the third quarter. Rehmann Capital Advisory Group now owns 2,149,677 shares of the technology company’s stock worth $1,380,676,000 after buying an additional 2,084,713 shares during the last quarter. 63.47% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on T shares. Bank of America set a $37.00 price objective on shares of AT&T and gave the stock a “buy” rating in a report on Monday, November 19th. Moffett Nathanson upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Monday, November 26th. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and set a $38.00 price objective for the company in a report on Monday, December 3rd. Barclays set a $32.00 price objective on shares of AT&T and gave the stock a “hold” rating in a report on Friday, January 18th. Finally, Cowen reiterated a “buy” rating and issued a $35.00 target price on shares of AT&T in a research note on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. AT&T presently has a consensus rating of “Buy” and a consensus price target of $35.71.
In related news, CEO John T. Stankey sold 3,748 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $29.84, for a total transaction of $111,840.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by insiders.
T opened at $30.67 on Friday. The stock has a market capitalization of $188.28 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 1.29 and a beta of 0.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.80. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $37.34.
AT&T (NYSE:T) last posted its earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. The firm had revenue of $47.99 billion during the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a net margin of 11.34% and a return on equity of 13.47%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post 3.6 EPS for the current fiscal year.
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AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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