MCF Advisors LLC decreased its stake in AT&T Inc. (NYSE:T) by 20.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,869 shares of the technology company’s stock after selling 4,000 shares during the quarter. MCF Advisors LLC’s holdings in AT&T were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Benin Management CORP lifted its stake in shares of AT&T by 30.9% during the 2nd quarter. Benin Management CORP now owns 28,573 shares of the technology company’s stock worth $918,000 after acquiring an additional 6,737 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of AT&T by 18.5% during the 2nd quarter. North Star Investment Management Corp. now owns 256,589 shares of the technology company’s stock worth $8,239,000 after acquiring an additional 39,968 shares during the last quarter. First Command Bank lifted its stake in shares of AT&T by 88.6% during the 2nd quarter. First Command Bank now owns 76,062 shares of the technology company’s stock worth $2,442,000 after acquiring an additional 35,723 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of AT&T by 3,180.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,165,233 shares of the technology company’s stock worth $98,269,000 after acquiring an additional 3,068,751 shares during the last quarter. Finally, CKW Financial Group lifted its stake in shares of AT&T by 105.0% during the 2nd quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after acquiring an additional 2,159 shares during the last quarter. Hedge funds and other institutional investors own 64.72% of the company’s stock.

In related news, Director Matthew K. Rose purchased 65,500 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were acquired at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the acquisition, the director now owns 81,319 shares of the company’s stock, valued at approximately $2,481,042.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was bought at an average price of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the acquisition, the director now directly owns 31,405 shares in the company, valued at approximately $1,020,034.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

A number of equities research analysts recently issued reports on the company. ValuEngine raised AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Bank of America reissued a “buy” rating on shares of AT&T in a research note on Tuesday, August 21st. Wells Fargo & Co lowered AT&T from an “outperform” rating to a “market perform” rating and set a $40.00 price target for the company. in a research note on Wednesday, August 22nd. Jefferies Financial Group lowered AT&T from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.80 to $31.17 in a research note on Thursday, June 7th. Finally, Moffett Nathanson lowered AT&T from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $35.00 to $28.00 in a research note on Wednesday, June 13th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. AT&T currently has an average rating of “Hold” and an average target price of $38.02.

Shares of NYSE T opened at $33.62 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $205.17 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 2.65 and a beta of 0.40. AT&T Inc. has a twelve month low of $30.13 and a twelve month high of $39.80.

AT&T (NYSE:T) last issued its earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. The business had revenue of $38.99 billion during the quarter, compared to analyst estimates of $38.45 billion. AT&T had a return on equity of 13.64% and a net margin of 20.12%. AT&T’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. research analysts expect that AT&T Inc. will post 3.53 earnings per share for the current fiscal year.

AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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