Hudson Valley Investment Advisors Inc. ADV trimmed its holdings in AT&T Inc. (NYSE:T) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,557 shares of the technology company’s stock after selling 5,115 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in AT&T were worth $3,132,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of T. Vanguard Group Inc. boosted its position in AT&T by 2.2% during the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares during the last quarter. Janus Henderson Group PLC boosted its position in AT&T by 6,188.8% during the second quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after purchasing an additional 6,790,430 shares during the last quarter. Nordea Investment Management AB boosted its position in AT&T by 37.7% during the third quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock valued at $905,538,000 after purchasing an additional 6,330,819 shares during the last quarter. Ameriprise Financial Inc. boosted its position in AT&T by 13.3% during the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after purchasing an additional 5,619,434 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in AT&T by 18,965.9% during the third quarter. Stifel Financial Corp now owns 4,941,889 shares of the technology company’s stock valued at $193,917,000 after purchasing an additional 4,915,969 shares during the last quarter. 59.42% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 price target for the company. in a research report on Tuesday, February 13th. Bank of America increased their price target on AT&T from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. KeyCorp increased their price target on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. Guggenheim assumed coverage on AT&T in a research report on Tuesday. They set a “buy” rating and a $42.00 price target for the company. Finally, Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $41.83.
AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.13. The firm had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. equities research analysts forecast that AT&T Inc. will post 3.47 EPS for the current fiscal year.
In other news, Director Richard W. Fisher bought 2,600 shares of the 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 completion of the purchase, the director now owns 2,600 shares in the company, valued at $99,060. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Donovan bought 27,997 shares of the stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $35.68 per share, for a total transaction of $998,932.96. Following the purchase, the chief executive officer now owns 179,834 shares of the company’s stock, valued at approximately $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.
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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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