Hudson Valley Investment Advisors Inc. ADV Sells 5,115 Shares of AT&T Inc. (T)
Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of AT&T Inc. (NYSE:T) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,557 shares of the technology company’s stock after selling 5,115 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in AT&T were worth $3,132,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of T. Sfmg LLC boosted its holdings in shares of AT&T by 58.5% in the 3rd quarter. Sfmg LLC now owns 48,102 shares of the technology company’s stock valued at $1,884,000 after purchasing an additional 17,748 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of AT&T by 11.3% in the 2nd quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock valued at $9,373,000 after purchasing an additional 25,167 shares in the last quarter. Barbara Oil Co. boosted its holdings in shares of AT&T by 50.0% in the 2nd quarter. Barbara Oil Co. now owns 15,000 shares of the technology company’s stock valued at $566,000 after purchasing an additional 5,000 shares in the last quarter. Signature Financial Management Inc. boosted its holdings in shares of AT&T by 56.7% in the 2nd quarter. Signature Financial Management Inc. now owns 15,818 shares of the technology company’s stock valued at $597,000 after purchasing an additional 5,721 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in shares of AT&T in the 2nd quarter valued at $3,502,000. Hedge funds and other institutional investors own 59.42% of the company’s stock.
A number of equities research analysts have weighed in on T shares. Nomura reduced their target price on AT&T to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 target price on the stock. in a report on Wednesday, November 29th. Jefferies Group reaffirmed a “buy” rating and issued a $36.38 target price (down previously from $48.00) on shares of AT&T in a report on Friday, December 1st. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.83.
AT&T (NYSE:T) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. The business had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. AT&T’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.66 EPS. equities research analysts anticipate that AT&T Inc. will post 3.47 earnings per share for the current year.
In related news, EVP John T. Stankey sold 2,307 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Donovan bought 27,997 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $35.68 per share, with a total value of $998,932.96. Following the completion of the transaction, the chief executive officer now owns 179,834 shares in the company, valued at $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.
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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