First National Bank of Mount Dora Trust Investment Services Boosts Stake in AT&T Inc. (T)
First National Bank of Mount Dora Trust Investment Services lifted its position in shares of AT&T Inc. (NYSE:T) by 41.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,184 shares of the technology company’s stock after buying an additional 11,547 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in AT&T were worth $1,479,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of T. Achmea Investment Management B.V. acquired a new position in AT&T in the first quarter valued at about $42,198,000. Schwab Charles Investment Management Inc. raised its stake in AT&T by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock valued at $928,960,000 after purchasing an additional 985,330 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in AT&T in the first quarter valued at about $25,127,000. State of Wisconsin Investment Board raised its stake in AT&T by 11.0% in the first 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 in the last quarter. Finally, Thomaspartners Inc. raised its stake in AT&T by 9.0% in the first quarter. Thomaspartners Inc. now owns 5,712,904 shares of the technology company’s stock valued at $237,371,000 after purchasing an additional 470,906 shares in the last quarter. 55.01% of the stock is owned by institutional investors.
AT&T Inc. (T) traded up 2.15% during midday trading on Friday, reaching $37.10. The company had a trading volume of 47,942,916 shares. AT&T Inc. has a 12-month low of $35.10 and a 12-month high of $43.03. The stock has a market capitalization of $227.79 billion, a PE ratio of 17.43 and a beta of 0.49. The company has a 50-day moving average of $37.65 and a 200-day moving average of $38.92.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, analysts predict that AT&T Inc. will post $2.94 EPS for the current fiscal year.
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A number of research analysts recently commented on T shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $42.00 price target on shares of AT&T in a research note on Sunday, July 9th. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a research note on Monday, July 10th. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Moffett Nathanson raised 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. Finally, BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. 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 issued a strong buy rating to the stock. AT&T has a consensus rating of “Hold” and a consensus 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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