Exeter Financial LLC Has $1.27 Million Stock Position in AT&T Inc. $T

Exeter Financial LLC decreased its stake in AT&T Inc. (NYSE:T) by 2.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,975 shares of the technology company’s stock after selling 1,264 shares during the quarter. Exeter Financial LLC’s holdings in AT&T were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in AT&T by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company’s stock worth $18,411,543,000 after acquiring an additional 8,185,006 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in AT&T in the 2nd quarter worth about $5,266,758,000. GQG Partners LLC lifted its stake in AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after acquiring an additional 17,177,874 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in AT&T by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company’s stock worth $1,561,514,000 after acquiring an additional 1,783,363 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in AT&T by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company’s stock worth $1,508,411,000 after acquiring an additional 1,307,009 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 1.6%

T opened at $28.34 on Thursday. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The business has a 50-day moving average of $28.55 and a 200-day moving average of $27.85. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $202.63 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same period last year, the business earned $0.51 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

T has been the subject of several research analyst reports. UBS Group set a $33.00 price objective on AT&T in a research note on Thursday, September 18th. Morgan Stanley increased their price objective on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Citigroup reissued a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company raised their price target on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.74.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.