USS Investment Management Ltd lessened its position in shares of AT&T Inc. (NYSE:T) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,809 shares of the technology company’s stock after selling 9,800 shares during the quarter. USS Investment Management Ltd’s holdings in AT&T were worth $7,190,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Israel Discount Bank of New York raised its position in AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after purchasing an additional 25 shares during the last quarter. Cim LLC raised its position in AT&T by 1.0% in the 2nd quarter. Cim LLC now owns 6,399 shares of the technology company’s stock valued at $241,000 after purchasing an additional 62 shares during the last quarter. Keel Point LLC raised its position in AT&T by 0.4% in the 2nd quarter. Keel Point LLC now owns 20,182 shares of the technology company’s stock valued at $761,000 after purchasing an additional 87 shares during the last quarter. Asset Planning Services Ltd. raised its position in AT&T by 2.5% in the 2nd quarter. Asset Planning Services Ltd. now owns 4,273 shares of the technology company’s stock valued at $161,000 after purchasing an additional 104 shares during the last quarter. Finally, AMG National Trust Bank raised its position in shares of AT&T by 0.3% during the second quarter. AMG National Trust Bank now owns 43,712 shares of the technology company’s stock worth $1,649,000 after acquiring an additional 118 shares during the last quarter. 59.42% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on T shares. Nomura dropped their price objective on AT&T to $42.00 and set a “buy” rating for the company in a report on Tuesday, November 21st. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price objective for the company. in a report on Wednesday, November 29th. Jefferies Group reiterated a “buy” rating and issued a $36.38 price objective (down previously from $48.00) on shares of AT&T in a report on Friday, December 1st. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company. AT&T currently has an average rating of “Hold” and an average target price of $41.83.
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 company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $229,630.00, a P/E ratio of 25.09, a P/E/G ratio of 2.57 and a beta of 0.39.
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 analysts predict that AT&T Inc. will post 3.47 EPS 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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