Gofen & Glossberg LLC IL Sells 3,116 Shares of AT&T Inc. (T)

Gofen & Glossberg LLC IL decreased its stake in shares of AT&T Inc. (NYSE:T) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 334,795 shares of the company’s stock after selling 3,116 shares during the period. Gofen & Glossberg LLC IL’s holdings in AT&T were worth $13,596,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Triangle Securities Wealth Management boosted its stake in AT&T by 2.4% in the second quarter. Triangle Securities Wealth Management now owns 24,288 shares of the company’s stock worth $1,049,000 after buying an additional 564 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its stake in AT&T by 0.9% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 91,945 shares of the company’s stock worth $3,973,000 after buying an additional 803 shares in the last quarter. Cullinan Associates Inc. boosted its stake in AT&T by 3.3% in the second quarter. Cullinan Associates Inc. now owns 158,902 shares of the company’s stock worth $6,866,000 after buying an additional 5,106 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in AT&T by 1.7% in the second quarter. Integrated Investment Consultants LLC now owns 18,658 shares of the company’s stock worth $806,000 after buying an additional 305 shares in the last quarter. Finally, First Financial Bank N.A. Trust Division boosted its stake in AT&T by 3.6% in the second quarter. First Financial Bank N.A. Trust Division now owns 171,352 shares of the company’s stock worth $7,404,000 after buying an additional 5,954 shares in the last quarter. 52.95% of the stock is owned by hedge funds and other institutional investors.

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

AT&T Inc. (NYSE:T) traded up 1.55% during midday trading on Tuesday, hitting $39.23. The stock had a trading volume of 11,436,050 shares. AT&T Inc. has a 12-month low of $33.09 and a 12-month high of $43.89. The company has a 50-day moving average price of $37.64 and a 200-day moving average price of $40.25. The company has a market cap of $240.91 billion, a price-to-earnings ratio of 16.69 and a beta of 0.36.

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T has been the topic of several recent research reports. Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $40.78 target price on the stock. in a research note on Wednesday, October 12th. Drexel Hamilton cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. Cowen and Company cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Monday, October 24th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Monday, October 17th. Finally, Independent Research GmbH raised shares of AT&T from a “sell” rating to a “hold” rating and lifted their target price for the stock from $36.00 to $39.00 in a research note on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $42.81.

In related news, Director Geoffrey Y. Yang bought 27,129 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were acquired at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.07% of the stock is owned by insiders.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

5 Day Chart for NYSE:T

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