Edmond de Rothschild Europe Sells 30,054 Shares of AT&T Inc. (T)

Edmond de Rothschild Europe cut its stake in AT&T Inc. (NYSE:T) by 77.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,523 shares of the company’s stock after selling 30,054 shares during the period. Edmond de Rothschild Europe’s holdings in AT&T were worth $346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HL Financial Services LLC increased its position in shares of AT&T by 3.3% in the second quarter. HL Financial Services LLC now owns 540,916 shares of the company’s stock valued at $23,373,000 after buying an additional 17,231 shares during the last quarter. Mason Street Advisors LLC bought a new position in AT&T during the second quarter valued at $35,829,000. Northern Trust Corp boosted its position in AT&T by 0.9% in the third quarter. Northern Trust Corp now owns 71,909,741 shares of the company’s stock valued at $2,920,255,000 after buying an additional 625,306 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in AT&T by 5.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,152,295 shares of the company’s stock valued at $209,230,000 after buying an additional 288,461 shares during the period. Finally, Advisor Group Inc. boosted its position in AT&T by 6.2% in the third quarter. Advisor Group Inc. now owns 951,094 shares of the company’s stock valued at $37,915,000 after buying an additional 55,214 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of AT&T Inc. (NYSE:T) traded up 0.17% during midday trading on Friday, hitting $41.38. 12,135,621 shares of the stock were exchanged. The stock has a market capitalization of $254.03 billion, a price-to-earnings ratio of 19.70 and a beta of 0.39. AT&T Inc. has a 1-year low of $36.10 and a 1-year high of $43.89. The firm’s 50 day moving average is $41.65 and its 200-day moving average is $40.40.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 25th. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The firm earned $41.80 billion during the quarter, compared to the consensus estimate of $42.14 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post $2.95 EPS for the current year.

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T has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Monday, October 17th. Robert W. Baird upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $44.00 in a research report on Monday, December 12th. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $40.45 price objective for the company. in a research report on Monday, November 7th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research report on Tuesday, November 29th. Finally, Barclays PLC restated a “hold” rating and issued a $41.00 price objective on shares of AT&T in a research report on Thursday, January 12th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $43.61.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

5 Day Chart for NYSE:T

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