Aureus Asset Management LLC raised its holdings in AT&T Inc. (NYSE:T) by 49.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,995 shares of the technology company’s stock after acquiring an additional 5,310 shares during the quarter. Aureus Asset Management LLC’s holdings in AT&T were worth $514,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in T. Price Wealth Management Inc. boosted its position in shares of AT&T by 165.1% during the second quarter. Price Wealth Management Inc. now owns 3,314 shares of the technology company’s stock worth $106,000 after purchasing an additional 2,064 shares in the last quarter. Braun Bostich & Associates Inc. bought a new position in shares of AT&T during the first quarter worth $137,000. CKW Financial Group lifted its position in AT&T by 105.0% in the 2nd quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock valued at $135,000 after acquiring an additional 2,159 shares in the last quarter. Cerebellum GP LLC bought a new stake in AT&T in the 2nd quarter valued at $178,000. Finally, Stevens First Principles Investment Advisors lifted its position in AT&T by 38.6% in the 2nd quarter. Stevens First Principles Investment Advisors now owns 6,286 shares of the technology company’s stock valued at $202,000 after acquiring an additional 1,751 shares in the last quarter. 63.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of T stock opened at $30.14 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. AT&T Inc. has a 1 year low of $28.85 and a 1 year high of $39.33. The firm has a market capitalization of $188.65 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.69 and a beta of 0.44.
AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.04). AT&T had a net margin of 20.40% and a return on equity of 13.61%. The business had revenue of $45.74 billion during the quarter, compared to analyst estimates of $45.73 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. Research analysts expect that AT&T Inc. will post 3.51 EPS for the current year.
In other AT&T news, Director Michael B. Mccallister purchased 4,000 shares of the stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of $29.14 per share, for a total transaction of $116,560.00. Following the purchase, the director now owns 7,361 shares of the company’s stock, valued at $214,499.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.
Several equities research analysts recently commented on the stock. Bank of America set a $37.00 price objective on shares of AT&T and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Monday, November 26th. Tigress Financial raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. Barclays set a $33.00 price objective on shares of AT&T and gave the company a “hold” rating in a research report on Wednesday, October 10th. Finally, Robert W. Baird cut their price objective on shares of AT&T from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and an average target price of $36.42.
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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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