YHB Investment Advisors Inc. reduced its position in shares of AT&T Inc. (NYSE:T) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,799 shares of the technology company’s stock after selling 3,636 shares during the period. YHB Investment Advisors Inc.’s holdings in AT&T were worth $2,636,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in T. New Capital Management LP increased its position in shares of AT&T by 130.9% during the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of AT&T during the third quarter valued at about $104,000. Macroview Investment Management LLC increased its position in shares of AT&T by 144.3% during the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after acquiring an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of AT&T during the second quarter valued at about $134,000. Finally, Israel Discount Bank of New York increased its position in shares of AT&T by 0.6% during 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 acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 59.42% of the company’s stock.
In other news, CEO John Donovan purchased 27,997 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the purchase, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. sell-side analysts expect that AT&T Inc. will post 3.47 EPS for the current year.
A number of equities research analysts have weighed in on the stock. SunTrust Banks lifted their price target on shares of AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Guggenheim assumed coverage on shares of AT&T in a research report on Tuesday. They set a “buy” rating and a $42.00 price target for the company. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price target for the company. in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.83.
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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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