Sustainable Insight Capital Management LLC raised its holdings in AT&T Inc. (NYSE:T) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,795 shares of the technology company’s stock after purchasing an additional 5,195 shares during the quarter. AT&T accounts for 1.1% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Sustainable Insight Capital Management LLC’s holdings in AT&T were worth $2,883,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in T. Price Wealth Management Inc. grew its stake in shares of AT&T by 165.1% during the 2nd quarter. Price Wealth Management Inc. now owns 3,314 shares of the technology company’s stock worth $106,000 after acquiring an additional 2,064 shares during the period. CKW Financial Group grew its stake in shares of AT&T by 105.0% during the 2nd quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after acquiring an additional 2,159 shares during the period. Braun Bostich & Associates Inc. bought a new position in shares of AT&T during the 1st quarter worth $137,000. Cerebellum GP LLC bought a new position in shares of AT&T during the 2nd quarter worth $178,000. Finally, Stevens First Principles Investment Advisors grew its stake in shares of AT&T by 38.6% during the 2nd quarter. Stevens First Principles Investment Advisors now owns 6,286 shares of the technology company’s stock worth $202,000 after acquiring an additional 1,751 shares during the period. Hedge funds and other institutional investors own 63.61% of the company’s stock.
In related news, Director Michael B. Mccallister acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average price of $29.14 per share, with a total value of $116,560.00. Following the acquisition, the director now owns 7,361 shares of the company’s stock, valued at approximately $214,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.
Several research analysts have recently weighed in on T shares. UBS Group upgraded AT&T from a “neutral” rating to a “buy” rating and increased their price target for the stock from $33.00 to $38.00 in a research note on Friday, September 21st. They noted that the move was a valuation call. Macquarie reiterated a “buy” rating and set a $35.00 price target on shares of AT&T in a research note on Wednesday, September 12th. Bank of America set a $37.00 price target on AT&T and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Tigress Financial upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Finally, Argus reiterated a “buy” rating and set a $48.00 price target on shares of AT&T in a research note on Friday, October 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $36.42.
Shares of T opened at $30.14 on Friday. The stock has a market cap of $187.42 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.68 and a beta of 0.44. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.81 and a current ratio of 0.81. AT&T Inc. has a 52-week low of $28.85 and a 52-week high of $39.33.
AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The company had revenue of $45.74 billion for the quarter, compared to analysts’ expectations of $45.73 billion. AT&T had a return on equity of 13.61% and a net margin of 20.40%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. As a group, research analysts expect that AT&T Inc. will post 3.51 EPS for the current year.
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AT&T Company Profile
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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