Colonial Trust Advisors lessened its holdings in shares of AT&T Inc. (NYSE:T) by 1.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,066 shares of the technology company’s stock after selling 512 shares during the quarter. Colonial Trust Advisors’ holdings in AT&T were worth $1,156,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Atlas Brown Inc. boosted its holdings in AT&T by 5.7% in the 1st quarter. Atlas Brown Inc. now owns 29,742 shares of the technology company’s stock worth $1,236,000 after acquiring an additional 1,607 shares during the period. Pure Financial Advisors Inc. boosted its holdings in AT&T by 13.0% in the 1st quarter. Pure Financial Advisors Inc. now owns 9,318 shares of the technology company’s stock worth $387,000 after acquiring an additional 1,069 shares during the period. West Oak Capital LLC boosted its holdings in AT&T by 2.0% in the 1st quarter. West Oak Capital LLC now owns 37,926 shares of the technology company’s stock worth $1,576,000 after acquiring an additional 727 shares during the period. Catawba Capital Management VA boosted its holdings in AT&T by 1.8% in the 1st quarter. Catawba Capital Management VA now owns 85,130 shares of the technology company’s stock worth $3,537,000 after acquiring an additional 1,494 shares during the period. Finally, Boltwood Capital Management boosted its holdings in AT&T by 3.9% in the 1st quarter. Boltwood Capital Management now owns 18,751 shares of the technology company’s stock worth $779,000 after acquiring an additional 700 shares during the period. 55.01% of the stock is owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (NYSE T) traded up 0.39% during midday trading on Monday, reaching $35.73. The company’s stock had a trading volume of 10,575,794 shares. AT&T Inc. has a 52-week low of $35.10 and a 52-week high of $43.03. The company has a market capitalization of $219.38 billion, a price-to-earnings ratio of 16.79 and a beta of 0.49. The stock has a 50 day moving average price of $37.81 and a 200-day moving average price of $39.08.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same period last year, the company posted $0.72 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post $2.94 EPS for the current year.
A number of equities analysts have weighed in on T shares. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Macquarie restated a “buy” rating and issued a $43.00 price target on shares of AT&T in a report on Friday, September 1st. ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 price target on shares of AT&T in a report on Sunday, July 9th. Finally, Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average target price of $43.41.
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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