Reilly Financial Advisors LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 21.5% during the second quarter, Holdings Channel reports. The firm owned 54,352 shares of the company’s stock after buying an additional 9,612 shares during the period. Reilly Financial Advisors LLC’s holdings in AT&T were worth $2,349,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in T. Dean Investment Associates LLC boosted its stake in AT&T by 4.8% in the second quarter. Dean Investment Associates LLC now owns 19,615 shares of the company’s stock valued at $848,000 after buying an additional 906 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in AT&T by 3.2% in the second quarter. GHP Investment Advisors Inc. now owns 102,185 shares of the company’s stock valued at $4,415,000 after buying an additional 3,144 shares during the last quarter. Regis Management CO LLC bought a new stake in AT&T during the second quarter valued at $215,000. California Public Employees Retirement System boosted its stake in AT&T by 0.4% in the second quarter. California Public Employees Retirement System now owns 18,020,266 shares of the company’s stock valued at $778,656,000 after buying an additional 65,800 shares during the last quarter. Finally, DIAM Co. Ltd. boosted its stake in AT&T by 2.9% in the second quarter. DIAM Co. Ltd. now owns 1,408,743 shares of the company’s stock valued at $60,357,000 after buying an additional 39,076 shares during the last quarter. Institutional investors own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded up 0.53% during midday trading on Tuesday, reaching $41.36. 14,322,974 shares of the company’s stock traded hands. The firm has a market cap of $254.45 billion, a PE ratio of 17.84 and a beta of 0.28. AT&T Inc. has a 52-week low of $31.85 and a 52-week high of $43.89. The company has a 50 day moving average of $41.23 and a 200 day moving average of $40.43.
AT&T (NYSE:T) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. On average, equities analysts predict that AT&T Inc. will post $2.86 EPS for the current fiscal year.
T has been the subject of several recent research reports. Vetr lowered shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target for the company. in a research report on Tuesday, June 21st. Barclays PLC reaffirmed a “buy” rating on shares of AT&T in a report on Sunday, July 17th. S&P Equity Research set a $46.00 price objective on shares of AT&T and gave the stock a “buy” rating in a report on Sunday, July 24th. FBR & Co raised their price objective on shares of AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Friday, July 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 price objective on shares of AT&T in a report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average target price of $41.43.
In related news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by insiders.
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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