Reynders McVeigh Capital Management LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 37,906 shares of the company’s stock after buying an additional 2,556 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in AT&T were worth $1,638,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC raised its position in shares of AT&T by 0.6% in the first quarter. Capital Asset Advisory Services LLC now owns 9,901 shares of the company’s stock worth $388,000 after buying an additional 60 shares during the last quarter. Banced Corp increased its stake in AT&T by 157.2% in the first quarter. Banced Corp now owns 28,564 shares of the company’s stock worth $1,119,000 after buying an additional 17,459 shares during the period. Prospera Financial Services Inc increased its stake in AT&T by 7.0% in the first quarter. Prospera Financial Services Inc now owns 184,036 shares of the company’s stock worth $7,202,000 after buying an additional 11,979 shares during the period. Atalanta Sosnoff Capital LLC increased its stake in AT&T by 4,708.6% in the first quarter. Atalanta Sosnoff Capital LLC now owns 2,667,591 shares of the company’s stock worth $104,489,000 after buying an additional 2,612,116 shares during the period. Finally, Searle & CO. increased its stake in AT&T by 2.9% in the first quarter. Searle & CO. now owns 39,339 shares of the company’s stock worth $1,536,000 after buying an additional 1,110 shares during the period. Hedge funds and other institutional investors own 53.64% of the company’s stock.
AT&T Inc. (NYSE:T) traded up 0.10% during trading on Thursday, reaching $40.89. 13,725,098 shares of the company’s stock traded hands. AT&T Inc. has a 52-week low of $32.17 and a 52-week high of $43.89. The stock has a market cap of $251.56 billion, a price-to-earnings ratio of 17.63 and a beta of 0.28. The company’s 50 day moving average is $41.12 and its 200-day moving average is $40.46.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The firm earned $40.50 billion during the quarter, compared to analysts’ expectations of $40.75 billion. On average, analysts anticipate that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
Several equities research analysts have commented on T shares. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, July 5th. Deutsche Bank AG upped their target price on shares of AT&T from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 28th. Barclays PLC started coverage on shares of AT&T in a research note on Monday, June 27th. They issued a “buy” rating for the company. Jefferies Group reaffirmed a “buy” rating on shares of AT&T in a research note on Sunday, June 5th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a research note on Friday, July 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.43.
In related news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.
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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