Mark Sheptoff Financial Planning LLC Purchases 4,887 Shares of AT&T Inc. (T)
Mark Sheptoff Financial Planning LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,922 shares of the technology company’s stock after buying an additional 4,887 shares during the quarter. AT&T makes up about 2.8% of Mark Sheptoff Financial Planning LLC’s holdings, making the stock its 8th largest position. Mark Sheptoff Financial Planning LLC’s holdings in AT&T were worth $4,072,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Evanston Investments Inc. dba Evanston Advisors raised its stake in AT&T by 2,472.6% in the 2nd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 204,884 shares of the technology company’s stock valued at $7,730,000 after purchasing an additional 196,920 shares during the last quarter. Covington Investment Advisors Inc. raised its stake in AT&T by 2.5% in the 2nd quarter. Covington Investment Advisors Inc. now owns 81,443 shares of the technology company’s stock valued at $3,073,000 after purchasing an additional 1,955 shares during the last quarter. Commerce Bank raised its stake in AT&T by 2.0% in the 2nd quarter. Commerce Bank now owns 2,860,436 shares of the technology company’s stock valued at $107,924,000 after purchasing an additional 56,925 shares during the last quarter. RBO & Co. LLC raised its stake in AT&T by 24.9% in the 2nd quarter. RBO & Co. LLC now owns 20,553 shares of the technology company’s stock valued at $775,000 after purchasing an additional 4,095 shares during the last quarter. Finally, Boston Research & Management Inc. raised its stake in AT&T by 0.3% in the 2nd quarter. Boston Research & Management Inc. now owns 40,192 shares of the technology company’s stock valued at $1,516,000 after purchasing an additional 132 shares during the last quarter. 55.86% of the stock is owned by institutional investors and hedge funds.
AT&T Inc. (NYSE:T) traded down $0.72 during midday trading on Wednesday, hitting $36.55. 33,055,300 shares of the stock were exchanged, compared to its average volume of 25,096,805. AT&T Inc. has a one year low of $32.55 and a one year high of $43.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $228,800.53, a P/E ratio of 12.72, a P/E/G ratio of 3.10 and a beta of 0.44.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. During the same period in the prior year, the company earned $0.74 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. analysts expect that AT&T Inc. will post 2.92 EPS for the current fiscal year.
In other news, Director Matthew K. Rose bought 29,600 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.
Several brokerages recently weighed in on T. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 target price for the company in a research note on Wednesday, August 16th. Moffett Nathanson reissued a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. Jefferies Group reissued a “buy” rating and issued a $36.38 target price (down previously from $48.00) on shares of AT&T in a research note on Friday, December 1st. Morgan Stanley boosted their target price on shares of AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. Finally, Macquarie reissued a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.81.
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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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