Trust Department MB Financial Bank N A cut its holdings in AT&T Inc. (NYSE:T) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,952 shares of the technology company’s stock after selling 4,080 shares during the period. Trust Department MB Financial Bank N A’s holdings in AT&T were worth $5,208,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Beach Investment Management LLC. purchased a new position in shares of AT&T during the 2nd quarter worth about $1,132,000. 440 Investment Group LLC boosted its stake in shares of AT&T by 38.7% during the 2nd quarter. 440 Investment Group LLC now owns 18,450 shares of the technology company’s stock worth $696,000 after purchasing an additional 5,150 shares during the period. Dividend Assets Capital LLC boosted its stake in shares of AT&T by 6.8% during the 2nd quarter. Dividend Assets Capital LLC now owns 39,987 shares of the technology company’s stock worth $1,509,000 after purchasing an additional 2,563 shares during the period. Nippon Life Global Investors Americas Inc. purchased a new position in shares of AT&T during the 2nd quarter worth about $16,045,000. Finally, Signature Financial Management Inc. boosted its stake in shares of AT&T by 56.7% during the 2nd quarter. Signature Financial Management Inc. now owns 15,818 shares of the technology company’s stock worth $597,000 after purchasing an additional 5,721 shares during the period. Hedge funds and other institutional investors own 59.42% of the company’s stock.
In other news, EVP John T. Stankey sold 2,307 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Donovan purchased 27,997 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $35.68 per share, with a total value of $998,932.96. Following the transaction, the chief executive officer now directly owns 179,834 shares in the company, 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 corporate insiders.
Shares of AT&T Inc. (NYSE:T) opened at $37.39 on Wednesday. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70. The firm has a market cap of $229,630.00, a P/E ratio of 25.09, a PEG 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.
AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The company’s revenue was down .4% compared to the same quarter last year. research analysts expect that AT&T Inc. will post 3.47 earnings per share for the current fiscal year.
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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