AT&T Inc. (T) Shares Bought by Sandhill Capital Partners LLC
Sandhill Capital Partners LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,110 shares of the technology company’s stock after buying an additional 566 shares during the quarter. Sandhill Capital Partners LLC’s holdings in AT&T were worth $532,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of T. Hall Capital Management Co. Inc. raised its stake in shares of AT&T by 0.9% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 65,957 shares of the technology company’s stock valued at $2,489,000 after purchasing an additional 560 shares during the period. Arete Wealth Advisors LLC raised its stake in shares of AT&T by 20.7% in the 2nd quarter. Arete Wealth Advisors LLC now owns 15,986 shares of the technology company’s stock valued at $603,000 after purchasing an additional 2,745 shares during the period. QS Investors LLC raised its stake in shares of AT&T by 14.8% in the 2nd quarter. QS Investors LLC now owns 943,662 shares of the technology company’s stock valued at $35,604,000 after purchasing an additional 121,877 shares during the period. Risk Paradigm Group LLC raised its stake in shares of AT&T by 97.8% in the 2nd quarter. Risk Paradigm Group LLC now owns 5,735 shares of the technology company’s stock valued at $216,000 after purchasing an additional 2,836 shares during the period. Finally, Cutler Investment Counsel LLC raised its stake in shares of AT&T by 1.1% in the 2nd quarter. Cutler Investment Counsel LLC now owns 224,048 shares of the technology company’s stock valued at $8,453,000 after purchasing an additional 2,391 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.
In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of AT&T stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company’s stock.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. sell-side analysts anticipate that AT&T Inc. will post 2.92 earnings per share for the current year.
Several equities analysts have recently weighed in on T shares. Jefferies Group restated a “buy” rating and issued a $36.38 price objective (down previously from $48.00) on shares of AT&T in a report on Friday, December 1st. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective for the company. in a report on Tuesday, September 26th. Deutsche Bank decreased their price objective on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a report on Wednesday, October 25th. Finally, Moffett Nathanson restated a “neutral” rating on shares of AT&T in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.81.
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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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