BLB&B Advisors LLC increased its position in shares of AT&T Inc. (NYSE:T) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 258,655 shares of the technology company’s stock after buying an additional 2,371 shares during the quarter. AT&T accounts for about 1.4% of BLB&B Advisors LLC’s portfolio, making the stock its 17th biggest holding. BLB&B Advisors LLC’s holdings in AT&T were worth $10,057,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. New Capital Management LP lifted its position in shares of AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after buying an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of AT&T in the third quarter valued at approximately $104,000. Macroview Investment Management LLC lifted its position in shares of AT&T by 144.3% in the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after buying an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of AT&T in the second quarter valued at approximately $134,000. Finally, Israel Discount Bank of New York lifted its position in shares of AT&T by 0.6% in the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.
In other AT&T news, Director Richard W. Fisher purchased 2,600 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the purchase, the director now owns 2,600 shares in the company, valued at approximately $99,060. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total value of $90,457.47. Following the completion of the transaction, the executive vice president now owns 51,672 shares in the company, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. During the same quarter last year, the company earned $0.66 EPS. The company’s revenue was down .4% on a year-over-year basis. equities analysts forecast that AT&T Inc. will post 3.47 earnings per share for the current year.
A number of analysts have recently issued reports on T shares. Nomura cut their price objective on AT&T to $42.00 and set a “buy” rating for the company in a research report on Tuesday, November 21st. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price objective for the company. in a research report on Wednesday, November 29th. Jefferies Group reaffirmed a “buy” rating and issued a $36.38 price objective (down from $48.00) on shares of AT&T in a research report on Friday, December 1st. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $41.82.
ILLEGAL ACTIVITY NOTICE: “BLB&B Advisors LLC Boosts Position in AT&T Inc. (T)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2018/03/13/blbb-advisors-llc-boosts-position-in-att-inc-t.html.
AT&T Company Profile
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.
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.