AT&T Inc. (T) Stake Lowered by Day & Ennis LLC
Day & Ennis LLC lessened its position in AT&T Inc. (NYSE:T) by 0.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 47,821 shares of the technology company’s stock after selling 456 shares during the period. AT&T makes up 1.9% of Day & Ennis LLC’s investment portfolio, making the stock its 15th largest holding. Day & Ennis LLC’s holdings in AT&T were worth $1,987,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Taylor Wealth Management Partners lifted its stake in shares of AT&T by 0.4% in the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after acquiring an additional 11 shares during the period. Cornerstone Investment Partners LLC lifted its stake in shares of AT&T by 0.3% in the 1st quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock worth $398,000 after acquiring an additional 30 shares during the period. Cedar Wealth Management LLC lifted its stake in shares of AT&T by 0.9% in the 1st quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock worth $228,000 after acquiring an additional 50 shares during the period. Lathrop Investment Management Corp lifted its stake in shares of AT&T by 0.3% in the 1st quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock worth $1,037,000 after acquiring an additional 73 shares during the period. Finally, Gillespie Robinson & Grimm Inc. lifted its stake in shares of AT&T by 1.3% in the 1st quarter. Gillespie Robinson & Grimm Inc. now owns 7,963 shares of the technology company’s stock worth $331,000 after acquiring an additional 100 shares during the period. Institutional investors own 55.01% of the company’s stock.
AT&T Inc. (NYSE:T) traded down 0.03% during midday trading on Friday, reaching $35.59. 41,051,014 shares of the company were exchanged. The firm’s 50-day moving average price is $37.77 and its 200 day moving average price is $39.11. The stock has a market capitalization of $218.52 billion, a price-to-earnings ratio of 16.72 and a beta of 0.49. AT&T Inc. has a 52-week low of $35.10 and a 52-week high of $43.03. AT&T also was the target of unusually large options trading activity on Thursday. Traders purchased 62,836 put options on the company. This is an increase of 239% compared to the average daily volume of 18,541 put options.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post $2.94 earnings per share for the current year.
Several analysts recently commented on the stock. Royal Bank Of Canada set a $42.00 price objective on shares of AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective for the company in a research note on Wednesday, August 16th. Moffett Nathanson upgraded shares of AT&T from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Cowen and Company reiterated a “market perform” rating and issued a $41.00 price objective (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $43.41.
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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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