Family Firm Inc. Has $306,000 Position in AT&T Inc. (T)
Family Firm Inc. increased its position in shares of AT&T Inc. (NYSE:T) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,102 shares of the technology company’s stock after purchasing an additional 380 shares during the period. Family Firm Inc.’s holdings in AT&T were worth $306,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of T. Cedar Wealth Management LLC boosted its stake in AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after acquiring an additional 50 shares in the last quarter. Greatmark Investment Partners Inc. boosted its stake in AT&T by 0.4% in the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock valued at $490,000 after acquiring an additional 53 shares in the last quarter. Stratford Consulting LLC boosted its stake in AT&T by 0.9% in the second quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock valued at $275,000 after acquiring an additional 68 shares in the last quarter. Moon Capital Management LLC boosted its stake in AT&T by 0.3% in the second quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock valued at $824,000 after acquiring an additional 75 shares in the last quarter. Finally, New England Investment & Retirement Group Inc. boosted its stake in AT&T by 1.1% in the second quarter. New England Investment & Retirement Group Inc. now owns 7,122 shares of the technology company’s stock valued at $269,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 55.86% of the company’s stock.
Several equities analysts have issued reports on T shares. Jefferies Group restated a “buy” rating and issued a $36.38 price objective (down previously from $48.00) on shares of AT&T in a research note on Friday. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Vetr downgraded shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective for the company. in a research note on Tuesday, September 26th. Deutsche Bank decreased their price objective on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Finally, Moffett Nathanson restated a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.81.
In other news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company’s stock.
Shares of AT&T Inc. (T) traded down $0.36 during trading hours on Tuesday, hitting $36.91. 16,811,481 shares of the stock were exchanged, compared to its average volume of 25,062,650. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $43.03. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $225,880.00, a PE ratio of 12.46, a price-to-earnings-growth ratio of 3.03 and a beta of 0.44.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 earnings per share. equities research analysts forecast that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.
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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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