The Lathrop Investment Management Corp Has $1.04 Million Position in AT&T Inc. (T)

The Lathrop Investment Management Corp Has $1.04 Million Position in AT&T Inc. (T)

A number of other hedge funds have also recently made changes to their positions in the stock. Guggenheim Capital LLC increased its stake in shares of AT&T by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,689,906 shares of the technology company’s stock valued at $114,401,000 after buying an additional 131,629 shares during the period. RMB Capital Management LLC increased its stake in shares of AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock valued at $1,537,000 after buying an additional 24,491 shares during the period. Cpcm LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $1,786,000. Northern Trust Corp increased its stake in shares of AT&T by 0.9% in the third quarter. Northern Trust Corp now owns 71,909,741 shares of the technology company’s stock valued at $2,920,255,000 after buying an additional 625,306 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of AT&T by 6.2% in the third quarter. Advisor Group Inc. now owns 951,094 shares of the technology company’s stock valued at $37,915,000 after buying an additional 55,214 shares during the period. 53.90% of the stock is currently owned by institutional investors.

Lathrop Investment Management Corp boosted its stake in shares of AT&T Inc. (NYSE:T) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,960 shares of the technology company’s stock after buying an additional 73 shares during the period. Lathrop Investment Management Corp’s holdings in AT&T were worth $1,037,000 as of its most recent filing with the SEC.

Shares of AT&T Inc. (T) opened at 38.87 on Monday. The company has a market cap of $238.97 billion, a PE ratio of 19.01 and a beta of 0.39. AT&T Inc. has a 52-week low of $36.10 and a 52-week high of $43.89. The stock’s 50 day moving average is $38.90 and its 200 day moving average is $40.59.

AT&T (NYSE:T) last announced its earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The firm had revenue of $39.40 billion for the quarter, compared to analyst estimates of $40.50 billion. During the same quarter last year, the firm posted $0.72 EPS. The business’s revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that AT&T Inc. will post $2.90 EPS for the current year.

A number of analysts have recently issued reports on T shares. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $43.09 price target on the stock. in a report on Monday, February 20th. Deutsche Bank AG reaffirmed a “hold” rating and set a $42.00 price target on shares of AT&T in a report on Saturday, March 11th. Instinet reaffirmed a “buy” rating and set a $45.00 price target (down previously from $46.00) on shares of AT&T in a report on Sunday, April 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of AT&T in a report on Wednesday, April 19th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating on shares of AT&T in a report on Tuesday, April 11th. Twenty analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.16. About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “T”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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