Westover Capital Advisors LLC raised its position in AT&T Inc. (NYSE:T) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,969 shares of the technology company’s stock after purchasing an additional 2,854 shares during the quarter. AT&T makes up approximately 2.1% of Westover Capital Advisors LLC’s holdings, making the stock its 14th biggest position. Westover Capital Advisors LLC’s holdings in AT&T were worth $3,115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Feltz Wealth PLAN Inc. purchased a new position in AT&T in the first quarter valued at about $104,000. Taylor Wealth Management Partners grew its stake in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after purchasing an additional 11 shares in the last quarter. Sterling Investment Advisors Ltd. grew its stake in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after purchasing an additional 2,024 shares in the last quarter. Asset Planning Services Ltd. grew its stake in AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock valued at $173,000 after purchasing an additional 877 shares in the last quarter. Finally, Cedar Wealth Management LLC grew its stake in AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 55.01% of the company’s stock.

Shares of AT&T Inc. (T) traded up 0.4043% during trading on Monday, reaching $35.7339. The company had a trading volume of 10,555,561 shares. The company has a market cap of $219.41 billion, a price-to-earnings ratio of 16.7922 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. The firm has a 50 day moving average price of $37.81 and a 200 day moving average price of $39.08.

AT&T (NYSE:T) last posted its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Analysts predict that AT&T Inc. will post $2.94 earnings per share for the current year.

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A number of research analysts have commented on the company. BidaskClub upgraded AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Drexel Hamilton reaffirmed a “hold” rating on shares of AT&T in a research report on Friday, June 2nd. Vetr cut AT&T from a “buy” rating to a “hold” rating and set a $39.93 price target for the company. in a research report on Tuesday, May 30th. Finally, Royal Bank Of Canada set a $42.00 price target on AT&T and gave the stock a “hold” rating in a research report on Saturday, May 20th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.41.

About AT&T

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

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