Beaton Management Co. Inc. acquired a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 72,828 shares of the technology company’s stock, valued at approximately $2,748,000. AT&T accounts for about 2.7% of Beaton Management Co. Inc.’s holdings, making the stock its 7th biggest position.

Other hedge funds also recently modified their holdings of the company. Fort Pitt Capital Group LLC increased its stake in AT&T by 8.6% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 1,068,656 shares of the technology company’s stock worth $40,320,000 after buying an additional 84,674 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of AT&T in the second quarter valued at approximately $134,000. Auxier Asset Management grew its position in shares of AT&T by 4.7% in the second quarter. Auxier Asset Management now owns 30,156 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 1,350 shares in the last quarter. Amussen Hunsaker & Associates LLC purchased a new stake in shares of AT&T in the second quarter valued at approximately $345,000. Finally, Schafer Cullen Capital Management Inc. grew its position in shares of AT&T by 1.4% in the second quarter. Schafer Cullen Capital Management Inc. now owns 3,693,591 shares of the technology company’s stock valued at $139,359,000 after purchasing an additional 49,837 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

In other news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were bought at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

A number of equities research analysts have recently issued reports on T shares. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target for the company in a research report on Wednesday, August 16th. Jefferies Group restated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research report on Thursday, August 24th. Macquarie reiterated a “buy” rating and issued a $43.00 price objective on shares of AT&T in a report on Friday, September 1st. Robert W. Baird reiterated an “outperform” rating and issued a $43.00 price objective on shares of AT&T in a report on Thursday, September 21st. Finally, Morgan Stanley upped their price objective on AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.81.

AT&T Inc. (T) traded down $0.06 during trading hours on Thursday, reaching $37.98. The company had a trading volume of 13,082,402 shares, compared to its average volume of 25,264,992. The stock has a market capitalization of $233,895.89, a price-to-earnings ratio of 13.00, a PEG ratio of 3.17 and a beta of 0.44. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $43.03.

AT&T (NYSE:T) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. equities research analysts anticipate that AT&T Inc. will post 2.92 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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