Duncker Streett & Co. Inc. trimmed its stake in shares of AT&T Inc. (NYSE:T) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,763 shares of the technology company’s stock after selling 3,179 shares during the quarter. AT&T accounts for 1.0% of Duncker Streett & Co. Inc.’s holdings, making the stock its 21st largest holding. Duncker Streett & Co. Inc.’s holdings in AT&T were worth $3,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Burns J W & Co. Inc. NY grew its stake in AT&T by 1.8% during the 1st quarter. Burns J W & Co. Inc. NY now owns 90,820 shares of the technology company’s stock worth $3,774,000 after purchasing an additional 1,590 shares in the last quarter. Peachtree Investment Advisors Inc. grew its stake in AT&T by 20.7% during the 1st quarter. Peachtree Investment Advisors Inc. now owns 29,648 shares of the technology company’s stock worth $1,232,000 after purchasing an additional 5,081 shares in the last quarter. Atlas Brown Inc. grew its stake in AT&T by 5.7% during the 1st quarter. Atlas Brown Inc. now owns 29,742 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 1,607 shares in the last quarter. Pure Financial Advisors Inc. grew its stake in AT&T by 13.0% during the 1st quarter. Pure Financial Advisors Inc. now owns 9,318 shares of the technology company’s stock worth $387,000 after purchasing an additional 1,069 shares in the last quarter. Finally, West Oak Capital LLC grew its stake in AT&T by 2.0% during the 1st quarter. West Oak Capital LLC now owns 37,926 shares of the technology company’s stock worth $1,576,000 after purchasing an additional 727 shares in the last quarter. 55.01% of the stock is owned by hedge funds and other institutional investors.
AT&T Inc. (T) traded down 0.03% during mid-day trading on Friday, reaching $35.59. The company’s stock had a trading volume of 41,051,014 shares. The stock’s 50-day moving average is $37.77 and its 200-day moving average is $39.11. The firm has a market capitalization of $218.52 billion, a PE ratio of 16.72 and a beta of 0.49. AT&T Inc. has a 12 month low of $35.10 and a 12 month high of $43.03. AT&T also saw some unusual options trading on Thursday. Stock investors bought 62,836 put options on the company. This represents an increase of 239% compared to the typical volume of 18,541 put options.
AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The company had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. AT&T’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post $2.94 EPS for the current year.
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T has been the subject of several analyst reports. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.81 target price for the company in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and set a $48.00 target price on shares of AT&T in a research note on Thursday, August 24th. Macquarie reissued a “buy” rating and set a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Barclays PLC lowered their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $42.00 target price on shares of AT&T in a research note on Sunday, July 9th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $43.41.
AT&T Company Profile
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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