Greytown Advisors Inc. Has $507,000 Holdings in AT&T Inc. (T)
Greytown Advisors Inc. raised its position in AT&T Inc. (NYSE:T) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,434 shares of the technology company’s stock after buying an additional 640 shares during the period. Greytown Advisors Inc.’s holdings in AT&T were worth $507,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. First Eagle Investment Management LLC purchased a new stake in shares of AT&T during the 2nd quarter worth approximately $65,056,000. State of Wisconsin Investment Board increased its stake in shares of AT&T by 22.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 7,432,813 shares of the technology company’s stock worth $280,440,000 after purchasing an additional 1,380,930 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of AT&T by 7.1% during the 2nd quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock worth $638,314,000 after purchasing an additional 1,117,300 shares during the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of AT&T during the 1st quarter worth approximately $42,198,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of AT&T by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,368,641 shares of the technology company’s stock worth $881,699,000 after purchasing an additional 1,011,014 shares during the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.
Shares of AT&T Inc. (NYSE T) traded up $0.12 during trading hours on Friday, reaching $36.50. 31,433,104 shares of the company’s stock traded hands, compared to its average volume of 38,428,480. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $43.03. The company has a market cap of $223,336.83, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.02 and a beta of 0.44.
In other news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares in the company, valued at $104,625. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on the stock. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price target for the company. in a research note on Friday, October 6th. Morgan Stanley raised their price target on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, October 11th. Robert W. Baird reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of AT&T in a report on Thursday, September 21st. Finally, KeyCorp reaffirmed a “hold” rating on shares of AT&T in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the company. AT&T currently has an average rating of “Hold” and an average target price of $42.81.
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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.
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