Evercore Trust Company N.A. lessened its holdings in shares of AT&T Inc. (NYSE:T) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,299,814 shares of the technology company’s stock after selling 1,815,137 shares during the quarter. AT&T accounts for 23.6% of Evercore Trust Company N.A.’s portfolio, making the stock its 2nd largest position. Evercore Trust Company N.A. owned 3.39% of AT&T worth $8,159,104,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. New Capital Management LP grew its position in shares of AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,500 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in shares of AT&T in the 3rd quarter worth approximately $104,000. Macroview Investment Management LLC grew its position in shares of AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,595 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of AT&T in the 2nd quarter worth approximately $134,000. Finally, CKW Financial Group grew its position in shares of AT&T by 83.9% in the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,724 shares in the last quarter. Hedge funds and other institutional investors own 58.45% of the company’s stock.
In other news, CEO John Donovan purchased 27,997 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the transaction, the chief executive officer now owns 179,834 shares in the company, valued at $6,416,477.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total value of $90,457.47. Following the transaction, the executive vice president now owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
Several brokerages have recently commented on T. Scotiabank set a $40.00 target price on AT&T and gave the stock a “hold” rating in a research report on Tuesday, January 30th. SunTrust Banks lifted their target price on AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Bank of America raised their price target on AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.82.
Shares of AT&T Inc. (T) opened at $36.87 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $225,301.30, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 2.54 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.
AT&T (NYSE:T) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.13. The firm had revenue of $41.68 billion for the quarter, compared to the consensus estimate of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. equities research analysts expect that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.
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.