Aristotle Capital Management LLC Holds Holdings in AT&T Inc. (T)
Aristotle Capital Management LLC held its position in shares of AT&T Inc. (NYSE:T) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,030 shares of the technology company’s stock at the close of the 1st quarter. Aristotle Capital Management LLC’s holdings in AT&T were worth $292,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Feltz Wealth PLAN Inc. purchased a new position in shares of AT&T in the 1st quarter valued at approximately $104,000. 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 valued at $106,000 after purchasing an additional 11 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of AT&T in the 1st quarter valued at approximately $109,000. Sterling Investment Advisors Ltd. lifted its stake in shares of AT&T by 289.1% in the 1st 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 during the period. Finally, Asset Planning Services Ltd. lifted its stake in shares of AT&T by 26.6% in the 1st 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 during the period. Institutional investors and hedge funds own 55.01% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded up 0.4007% during mid-day trading on Wednesday, hitting $36.4053. The company had a trading volume of 10,724,206 shares. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03. The company has a 50-day moving average price of $37.75 and a 200-day moving average price of $39.03. The company has a market capitalization of $223.53 billion, a price-to-earnings ratio of 17.1078 and a beta of 0.49.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. On average, equities analysts anticipate that AT&T Inc. will post $2.94 EPS for the current year.
A number of research analysts have recently commented on T shares. Vetr upgraded 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 restated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research note on Thursday, August 24th. Macquarie restated a “buy” rating and issued 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 restated a “hold” rating and issued a $42.00 target price on shares of AT&T in a research note on Sunday, July 9th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $43.41.
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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