MEMBERS Trust Co increased its position in AT&T Inc. (NYSE:T) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 47,778 shares of the company’s stock after buying an additional 46 shares during the period. AT&T accounts for approximately 0.1% of MEMBERS Trust Co’s investment portfolio, making the stock its 19th largest position. MEMBERS Trust Co’s holdings in AT&T were worth $1,941,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. HL Financial Services LLC raised its stake in AT&T by 3.3% in the second quarter. HL Financial Services LLC now owns 540,916 shares of the company’s stock worth $23,373,000 after buying an additional 17,231 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in AT&T during the second quarter worth about $35,829,000. Northern Trust Corp raised its stake in AT&T by 0.9% in the third quarter. Northern Trust Corp now owns 71,909,741 shares of the company’s stock worth $2,920,255,000 after buying an additional 625,306 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake 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 worth $209,230,000 after buying an additional 288,461 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in AT&T by 6.2% in the third quarter. Advisor Group Inc. now owns 951,094 shares of the company’s stock worth $37,915,000 after buying an additional 55,214 shares in the last quarter. 53.90% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE:T) opened at 40.65 on Tuesday. AT&T Inc. has a 12 month low of $36.05 and a 12 month high of $43.89. The firm has a market cap of $249.55 billion, a PE ratio of 19.36 and a beta of 0.39. The company’s 50 day moving average is $41.59 and its 200-day moving average is $40.36.
AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 25th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $41.80 billion for the quarter, compared to analysts’ expectations of $42.14 billion. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. Equities research analysts predict that AT&T Inc. will post $2.95 EPS for the current year.
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A number of equities research analysts have recently issued reports on T shares. Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a report on Tuesday, December 6th. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $41.05 price target on the stock. in a report on Tuesday, November 1st. William Blair reiterated a “market perform” rating on shares of AT&T in a research note on Saturday, January 28th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $46.00 price objective on shares of AT&T in a research note on Tuesday, October 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price objective (down previously from $48.00) on shares of AT&T in a research note on Friday, October 21st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $43.61.
AT&T Company Profile
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.
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