AT&T Inc. (T) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its stake in AT&T Inc. (NYSE:T) by 28.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,120 shares of the technology company’s stock after selling 3,221 shares during the period. Prime Capital Investment Advisors LLC’s holdings in AT&T were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in T. Morse Asset Management Inc acquired a new stake in AT&T during the fourth quarter worth $210,000. Schwab Charles Investment Management Inc. boosted its stake in AT&T by 3.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 24,972,250 shares of the technology company’s stock worth $970,676,000 after buying an additional 937,029 shares in the last quarter. First Bank & Trust boosted its stake in AT&T by 12.3% during the fourth quarter. First Bank & Trust now owns 87,870 shares of the technology company’s stock worth $3,417,000 after buying an additional 9,614 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in AT&T by 8.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 115,254 shares of the technology company’s stock worth $4,481,000 after buying an additional 8,975 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in AT&T by 12.0% during the third quarter. Prudential Financial Inc. now owns 17,431,916 shares of the technology company’s stock worth $682,808,000 after buying an additional 1,869,070 shares in the last quarter. Institutional investors and hedge funds own 54.87% of the company’s stock.

Get AT&T alerts:

AT&T stock opened at $31.69 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.11 and a quick ratio of 1.11. AT&T Inc. has a 12-month low of $31.17 and a 12-month high of $39.80. The stock has a market capitalization of $193.99 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 2.70 and a beta of 0.41.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.02). AT&T had a net margin of 19.25% and a return on equity of 14.46%. The business had revenue of $38.04 billion during the quarter, compared to the consensus estimate of $39.36 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. sell-side analysts predict that AT&T Inc. will post 3.41 EPS for the current fiscal year.

A number of equities research analysts have weighed in on T shares. Deutsche Bank decreased their price target on shares of AT&T from $41.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, May 1st. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday, March 5th. Wells Fargo & Co decreased their price target on shares of AT&T from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, March 23rd. ValuEngine downgraded shares of AT&T from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Finally, Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Wednesday, June 13th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.10.

AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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

Leave a Reply

Your email address will not be published. Required fields are marked *