Bokf Na Sells 7,729 Shares of AT&T Inc. (NYSE:T)
Bokf Na cut its position in AT&T Inc. (NYSE:T) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 947,466 shares of the technology company’s stock after selling 7,729 shares during the period. AT&T comprises about 0.8% of Bokf Na’s portfolio, making the stock its 21st largest position. Bokf Na’s holdings in AT&T were worth $27,619,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of T. Lion Street Advisors LLC acquired a new stake in shares of AT&T during the first quarter worth about $27,000. Horan Securities Inc. acquired a new position in shares of AT&T in the 1st quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd bought a new stake in AT&T during the 1st quarter worth approximately $34,000. Efficient Wealth Management LLC bought a new stake in AT&T during the 1st quarter worth approximately $35,000. Finally, Brooktree Capital Management acquired a new stake in AT&T during the 1st quarter worth approximately $36,000. Institutional investors own 53.84% of the company’s stock.
A number of equities research analysts recently commented on T shares. Credit Suisse Group dropped their price objective on shares of AT&T from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Cfra dropped their price target on AT&T from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Oppenheimer began coverage on AT&T in a report on Wednesday, April 22nd. They issued a “buy” rating and a $47.00 price target on the stock. Deutsche Bank decreased their price objective on AT&T from $45.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Raymond James lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Monday, March 16th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company. AT&T presently has an average rating of “Hold” and a consensus target price of $36.02.
AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The business had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $44.75 billion. AT&T had a return on equity of 13.27% and a net margin of 8.05%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. Equities research analysts forecast that AT&T Inc. will post 3.29 EPS for the current fiscal year.
In related news, Director Stephen J. Luczo bought 36,000 shares of AT&T stock in a transaction that occurred on Wednesday, April 22nd. The stock was acquired at an average price of $29.38 per share, with a total value of $1,057,680.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Geoffrey Y. Yang purchased 6,754 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average price of $29.39 per share, for a total transaction of $198,500.06. Following the purchase, the director now owns 9,398 shares in the company, valued at approximately $276,207.22. The disclosure for this purchase can be found here. Insiders own 0.07% of the company’s stock.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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