Jaffetilchin Investment Partners LLC cut its stake in AT&T Inc. (NYSE:T) by 39.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,055 shares of the technology company’s stock after selling 5,952 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in AT&T were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Founders Capital Management LLC lifted its position in AT&T by 0.9% in the fourth quarter. Founders Capital Management LLC now owns 247,667 shares of the technology company’s stock valued at $9,629,000 after buying an additional 2,121 shares during the last quarter. Oak Point Wealth Management acquired a new stake in shares of AT&T during the fourth quarter worth about $260,000. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of AT&T by 9.1% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,607 shares of the technology company’s stock worth $1,618,000 after purchasing an additional 3,481 shares in the last quarter. Abner Herrman & Brock LLC lifted its position in shares of AT&T by 6.0% during the fourth quarter. Abner Herrman & Brock LLC now owns 42,193 shares of the technology company’s stock worth $1,640,000 after purchasing an additional 2,406 shares in the last quarter. Finally, Stillwater Investment Management LLC lifted its position in shares of AT&T by 225.2% during the fourth quarter. Stillwater Investment Management LLC now owns 67,408 shares of the technology company’s stock worth $3,197,000 after purchasing an additional 46,679 shares in the last quarter. Institutional investors own 59.42% of the company’s stock.
In other AT&T news, EVP John T. Stankey sold 2,307 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard W. Fisher acquired 2,600 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the acquisition, the director now owns 2,600 shares in the company, valued at approximately $99,060. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.
Several equities analysts have commented on the stock. Nomura dropped their price target on shares of AT&T to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, November 21st. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 target price on the stock. in a research report on Wednesday, November 29th. Jefferies Group reaffirmed a “buy” rating and set a $36.38 price target (down from $48.00) on shares of AT&T in a report on Friday, December 1st. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average price target of $41.83.
Shares of AT&T Inc. (NYSE T) traded down $0.37 on Wednesday, reaching $37.03. The company had a trading volume of 14,738,965 shares, compared to its average volume of 28,962,834. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70. The company has a market cap of $227,420.00, a P/E ratio of 24.85, a P/E/G ratio of 2.59 and a beta of 0.39.
AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. The company had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. equities analysts predict that AT&T Inc. will post 3.48 EPS for the current year.
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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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