SOL Capital Management CO lowered its holdings in shares of AT&T Inc. (NYSE:T) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,695 shares of the technology company’s stock after selling 278 shares during the quarter. SOL Capital Management CO’s holdings in AT&T were worth $1,460,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Doyle Wealth Management boosted its position in AT&T by 4.3% during the second quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock worth $1,417,000 after purchasing an additional 1,559 shares in the last quarter. Altfest L J & Co. Inc. lifted its position in shares of AT&T by 42.1% in the second quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock valued at $1,721,000 after acquiring an additional 13,510 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock valued at $51,770,000 after acquiring an additional 5,354 shares in the last quarter. Private Capital Management Inc. lifted its position in shares of AT&T by 29.0% in the second quarter. Private Capital Management Inc. now owns 11,350 shares of the technology company’s stock valued at $428,000 after acquiring an additional 2,550 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of AT&T by 1.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 212,553 shares of the technology company’s stock valued at $8,020,000 after acquiring an additional 3,863 shares in the last quarter. Institutional investors own 55.01% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “AT&T Inc. (T) Holdings Cut by SOL Capital Management CO” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/13/att-inc-t-holdings-cut-by-sol-capital-management-co.html.

Several equities analysts have recently weighed in on the company. Macquarie restated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research report on Friday, September 1st. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada set a $42.00 target price on AT&T and gave the company a “hold” rating in a research report on Saturday, May 20th. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.81 target price on the stock in a research report on Wednesday, June 21st. Finally, Drexel Hamilton restated a “hold” rating on shares of AT&T in a research report on Friday, June 2nd. 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 assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $43.41.

Shares of AT&T Inc. (NYSE T) traded up 0.61% during trading on Wednesday, reaching $36.48. The company had a trading volume of 11,802,346 shares. AT&T Inc. has a 52-week low of $35.10 and a 52-week high of $43.03. The stock has a market capitalization of $223.99 billion, a price-to-earnings ratio of 17.14 and a beta of 0.49. The stock has a 50 day moving average of $37.75 and a 200 day moving average of $38.99.

AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same quarter last year, the business earned $0.72 earnings per share. AT&T’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post $2.94 EPS for the current year.

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.

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

Receive News & Stock Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related stocks with our FREE daily email newsletter.