Salem Capital Management Inc. raised its stake in AT&T Inc. (NYSE:T) by 144.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,732 shares of the technology company’s stock after buying an additional 41,201 shares during the quarter. AT&T comprises approximately 1.4% of Salem Capital Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Salem Capital Management Inc.’s holdings in AT&T were worth $2,711,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in T. Sfmg LLC raised its position in AT&T by 58.5% during the third quarter. Sfmg LLC now owns 48,102 shares of the technology company’s stock worth $1,884,000 after acquiring an additional 17,748 shares in the last quarter. Moors & Cabot Inc. raised its position in AT&T by 11.3% during the second quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock worth $9,373,000 after acquiring an additional 25,167 shares in the last quarter. Wedbush Securities Inc. raised its position in AT&T by 9.7% during the second quarter. Wedbush Securities Inc. now owns 176,333 shares of the technology company’s stock worth $6,653,000 after acquiring an additional 15,562 shares in the last quarter. Barbara Oil Co. raised its position in AT&T by 50.0% during the second quarter. Barbara Oil Co. now owns 15,000 shares of the technology company’s stock worth $566,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Signature Financial Management Inc. raised its position in AT&T by 56.7% during the second quarter. Signature Financial Management Inc. now owns 15,818 shares of the technology company’s stock worth $597,000 after acquiring an additional 5,721 shares in the last quarter. 59.42% of the stock is currently owned by institutional investors and hedge funds.
AT&T Inc. (NYSE T) opened at $37.36 on Tuesday. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $42.70. The company has a market cap of $229,450.00, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.57 and a beta of 0.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.97.
In related news, EVP John T. Stankey sold 2,307 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were 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 in the company, valued at $2,026,059.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard W. Fisher purchased 2,600 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the purchase, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.
Several research firms have issued reports on T. SunTrust Banks upped their price target on shares of AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price target on the stock. in a research report on Wednesday, November 29th. Argus reaffirmed a “buy” rating and set a $36.83 price target (down from $48.00) on shares of AT&T in a research report on Wednesday, February 7th. Finally, Scotiabank set a $40.00 price target on shares of AT&T and gave the stock a “hold” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.82.
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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.
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