AT&T Inc. (T) Stake Raised by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its position in shares of AT&T Inc. (NYSE:T) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,463,205 shares of the technology company’s stock after buying an additional 111,697 shares during the quarter. Baird Financial Group Inc.’s holdings in AT&T were worth $79,094,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. SSI Investment Management Inc. lifted its stake in shares of AT&T by 10.0% in the second quarter. SSI Investment Management Inc. now owns 17,160 shares of the technology company’s stock valued at $549,000 after buying an additional 1,553 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of AT&T by 1.7% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,276 shares of the technology company’s stock valued at $3,059,000 after buying an additional 1,553 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of AT&T by 27.0% in the second quarter. Tradewinds Capital Management LLC now owns 7,332 shares of the technology company’s stock valued at $235,000 after buying an additional 1,560 shares in the last quarter. Endurance Wealth Management Inc. lifted its stake in shares of AT&T by 7.5% in the second quarter. Endurance Wealth Management Inc. now owns 22,644 shares of the technology company’s stock valued at $728,000 after buying an additional 1,572 shares in the last quarter. Finally, Wagner Bowman Management Corp lifted its stake in shares of AT&T by 3.3% in the second quarter. Wagner Bowman Management Corp now owns 49,723 shares of the technology company’s stock valued at $1,596,000 after buying an additional 1,573 shares in the last quarter. Institutional investors own 63.61% of the company’s stock.

In related news, Director Michael B. Mccallister acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average price of $29.14 per share, for a total transaction of $116,560.00. Following the completion of 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 can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Shares of T stock opened at $30.14 on Friday. The stock has a market capitalization of $188.65 billion, a PE ratio of 9.88, a PEG ratio of 1.69 and a beta of 0.44. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. AT&T Inc. has a one year low of $28.85 and a one year high of $39.33.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.04). AT&T had a net margin of 20.40% and a return on equity of 13.61%. The firm had revenue of $45.74 billion during the quarter, compared to analysts’ expectations of $45.73 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts anticipate that AT&T Inc. will post 3.51 earnings per share for the current fiscal year.

A number of research analysts have weighed in on T shares. Bank of America set a $37.00 price objective on shares of AT&T and gave the company a “buy” rating in a research note on Tuesday, October 23rd. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and set a $38.00 price objective on the stock in a research note on Monday, December 3rd. Macquarie reaffirmed a “buy” rating and issued a $35.00 price objective on shares of AT&T in a research note on Wednesday, September 12th. Finally, Wells Fargo & Co downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $40.00 target price for the company. in a report on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T has an average rating of “Hold” and a consensus price target of $36.42.

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About AT&T

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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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