Roof Eidam & Maycock ADV reduced its position in AT&T Inc. (NYSE:T) by 0.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 52,467 shares of the technology company’s stock after selling 350 shares during the quarter. AT&T comprises about 1.0% of Roof Eidam & Maycock ADV’s holdings, making the stock its 26th largest position. Roof Eidam & Maycock ADV’s holdings in AT&T were worth $1,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cable Hill Partners LLC grew its stake in shares of AT&T by 15.2% during the 1st quarter. Cable Hill Partners LLC now owns 7,857 shares of the technology company’s stock worth $326,000 after purchasing an additional 1,036 shares during the period. Creative Planning grew its stake in shares of AT&T by 3.1% during the 1st quarter. Creative Planning now owns 1,053,480 shares of the technology company’s stock worth $43,772,000 after purchasing an additional 31,683 shares during the period. Douglass Winthrop Advisors LLC grew its stake in shares of AT&T by 0.7% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 260,573 shares of the technology company’s stock worth $10,827,000 after purchasing an additional 1,691 shares during the period. Gillespie Robinson & Grimm Inc. grew its stake in shares of AT&T by 1.3% during the 1st quarter. Gillespie Robinson & Grimm Inc. now owns 7,963 shares of the technology company’s stock worth $331,000 after purchasing an additional 100 shares during the period. Finally, Forte Capital LLC ADV grew its stake in shares of AT&T by 14.7% during the 1st quarter. Forte Capital LLC ADV now owns 45,970 shares of the technology company’s stock worth $1,910,000 after purchasing an additional 5,908 shares during the period. 55.01% of the stock is currently owned by institutional investors.

Shares of AT&T Inc. (NYSE:T) traded up 2.15% during mid-day trading on Friday, reaching $37.10. 47,942,916 shares of the company’s stock traded hands. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03. The company has a market capitalization of $227.79 billion, a P/E ratio of 17.43 and a beta of 0.49. The firm has a 50-day moving average price of $37.65 and a 200-day moving average price of $38.92.

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

A number of equities analysts have recently weighed in on the stock. Macquarie reaffirmed a “buy” rating and set a $43.00 price target on shares of AT&T in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of 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 price objective on shares of AT&T and gave the stock a “hold” rating in a research report on Saturday, May 20th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price objective on the stock in a research report on Wednesday, June 21st. Finally, Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a research report on Friday, June 2nd. 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 assigned a strong buy rating to the company. AT&T has a consensus rating of “Hold” and a consensus target price of $43.41.

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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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