Founders Capital Management LLC increased its position in shares of AT&T Inc. (NYSE:T) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,667 shares of the technology company’s stock after purchasing an additional 2,121 shares during the quarter. AT&T accounts for approximately 4.3% of Founders Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Founders Capital Management LLC’s holdings in AT&T were worth $9,629,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in T. Vanguard Group Inc. lifted its holdings in AT&T by 2.2% in the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after acquiring an additional 9,053,649 shares during the period. Janus Henderson Group PLC lifted its holdings in AT&T by 6,188.8% in the second quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after acquiring an additional 6,790,430 shares during the period. Nordea Investment Management AB lifted its holdings in AT&T by 37.7% in the third quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock valued at $905,538,000 after acquiring an additional 6,330,819 shares during the period. Ameriprise Financial Inc. lifted its holdings in AT&T by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after acquiring an additional 5,619,434 shares during the period. Finally, Stifel Financial Corp lifted its holdings in AT&T by 18,965.9% in the third quarter. Stifel Financial Corp now owns 4,941,889 shares of the technology company’s stock valued at $193,917,000 after acquiring an additional 4,915,969 shares during the period. 58.45% of the stock is owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (NYSE:T) opened at $36.87 on Wednesday. The company has a market capitalization of $226,440.00, a P/E ratio of 24.74, a PEG ratio of 2.51 and a beta of 0.39. AT&T Inc. has a 12-month low of $32.55 and a 12-month high of $42.70. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.97.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. The business had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. sell-side analysts anticipate that AT&T Inc. will post 3.48 EPS for the current fiscal year.
In other news, CEO John Donovan purchased 27,997 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the transaction, the chief executive officer now owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
T has been the subject of a number of analyst reports. Citigroup boosted their price target on AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 10th. Nomura decreased their price target on AT&T to $42.00 and set a “buy” rating for the company in a report on Tuesday, November 21st. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price target for the company. in a report on Wednesday, November 29th. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a report on Friday, January 12th. Finally, Standpoint Research initiated coverage on AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.82.
AT&T Company Profile
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.
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