First American Trust FSB lessened its stake in AT&T Inc. (NYSE:T) by 1.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 116,510 shares of the technology company’s stock after selling 1,917 shares during the period. First American Trust FSB’s holdings in AT&T were worth $4,396,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Shell Asset Management Co. increased its holdings in AT&T by 0.4% in the 1st quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock valued at $51,770,000 after purchasing an additional 5,354 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in AT&T by 11.0% in the 1st quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock valued at $251,456,000 after purchasing an additional 597,735 shares during the last quarter. Foster & Motley Inc. increased its holdings in AT&T by 4.6% in the 1st quarter. Foster & Motley Inc. now owns 58,194 shares of the technology company’s stock valued at $2,418,000 after purchasing an additional 2,545 shares during the last quarter. Holderness Investments Co. increased its holdings in AT&T by 62.9% in the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 37,234 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in AT&T by 8.0% in the 1st quarter. First Hawaiian Bank now owns 15,366 shares of the technology company’s stock valued at $638,000 after purchasing an additional 1,132 shares during the last quarter. Hedge funds and other institutional investors own 55.01% of the company’s stock.

AT&T Inc. (NYSE T) traded up 2.15% on Friday, reaching $37.10. 47,942,916 shares of the company’s stock were exchanged. The firm has a market capitalization of $227.79 billion, a price-to-earnings ratio of 17.43 and a beta of 0.49. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03. The stock’s 50 day moving average price is $37.65 and its 200 day moving average price is $38.92.

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 the Zacks’ 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 the consensus estimate of $39.84 billion. During the same period last year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts expect that AT&T Inc. will post $2.94 earnings per share for the current year.

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 price target on shares of AT&T in a research report on Sunday, July 9th. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a research report on Monday, July 10th. Zacks Investment Research cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.41.

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AT&T 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)

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