OLD Republic International Corp held its stake in AT&T Inc. (NYSE:T) during the third quarter, Holdings Channel reports. The institutional investor owned 2,620,200 shares of the company’s stock at the end of the third quarter. AT&T makes up about 3.7% of OLD Republic International Corp’s holdings, making the stock its largest position. OLD Republic International Corp’s holdings in AT&T were worth $86,359,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. HL Financial Services LLC increased 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 valued at $23,373,000 after buying an additional 17,231 shares during the last quarter. Mason Street Advisors LLC bought a new stake in AT&T during the second quarter valued at $35,829,000. Northern Trust Corp increased 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 valued at $2,920,255,000 after buying an additional 625,306 shares during the last quarter. Robeco Institutional Asset Management B.V. increased 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 valued at $209,230,000 after buying an additional 288,461 shares during the last quarter. Finally, Advisor Group Inc. increased 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 valued at $37,915,000 after buying an additional 55,214 shares during the last quarter. Institutional investors own 53.90% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at 40.65 on Tuesday. AT&T Inc. has a 1-year low of $36.05 and a 1-year high of $43.89. The stock’s 50 day moving average is $41.59 and its 200 day moving average is $40.36. The company has a market cap of $249.55 billion, a P/E ratio of 19.36 and a beta of 0.39.
AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The business had revenue of $41.80 billion for the quarter, compared to analyst estimates of $42.14 billion. During the same period last year, the business earned $0.63 EPS. The company’s revenue was down .7% on a year-over-year basis. On average, analysts predict that AT&T Inc. will post $2.95 earnings per share for the current year.
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Several analysts have commented on T shares. Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a research note on Tuesday, December 6th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $41.05 target price on the stock. in a research note 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 set a $46.00 target price on shares of AT&T in a research note on Tuesday, October 25th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $20.00 price target (down from $48.00) on shares of AT&T in a report on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.61.
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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