Schaller Investment Group Inc. held its position in shares of AT&T Inc. (NYSE:T) during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,213 shares of the company’s stock at the end of the fourth quarter. Schaller Investment Group Inc.’s holdings in AT&T were worth $307,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in AT&T by 3.0% in the fourth quarter. State Street Corp now owns 266,097,072 shares of the company’s stock worth $11,317,116,000 after buying an additional 7,784,839 shares during the period. Northern Trust Corp increased its stake in AT&T by 0.9% in the third quarter. Northern Trust Corp now owns 71,909,741 shares of the company’s stock worth $2,920,255,000 after buying an additional 625,306 shares during the period. Dimensional Fund Advisors LP increased its stake in AT&T by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 59,285,390 shares of the company’s stock worth $2,521,483,000 after buying an additional 2,770,539 shares during the period. LSV Asset Management increased its stake in AT&T by 0.6% in the third quarter. LSV Asset Management now owns 24,545,062 shares of the company’s stock worth $996,774,000 after buying an additional 142,207 shares during the period. Finally, Macquarie Group Ltd. increased its stake in AT&T by 0.4% in the second quarter. Macquarie Group Ltd. now owns 18,473,578 shares of the company’s stock worth $798,243,000 after buying an additional 78,603 shares during the period. 53.90% of the stock is owned by institutional investors.
AT&T Inc. (NYSE:T) opened at 42.42 on Tuesday. The firm has a market cap of $260.53 billion, a PE ratio of 20.21 and a beta of 0.39. The company’s 50-day moving average is $41.75 and its 200 day moving average is $40.31. AT&T Inc. has a one year low of $36.10 and a one year high of $43.89.
AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The firm had revenue of $41.80 billion for the quarter, compared to analysts’ expectations of $42.14 billion. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. Equities analysts anticipate that AT&T Inc. will post $2.94 earnings per share for the current year.
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A number of equities research analysts recently weighed in on T shares. Wells Fargo & Co reissued an “outperform” rating on shares of AT&T in a research note on Tuesday, December 6th. William Blair reissued a “market perform” rating on shares of AT&T in a research note on Saturday, January 28th. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $43.09 price target for the company. in a research note on Monday, February 20th. Royal Bank of Canada boosted their price target on shares of AT&T from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 26th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $42.00 price target on shares of AT&T in a research note on Saturday, March 11th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $43.62.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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