Mogy Joel R Investment Counsel Inc. increased its position in shares of AT&T Inc. (NYSE:T) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,312 shares of the company’s stock after buying an additional 2,900 shares during the period. AT&T makes up approximately 1.7% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 23rd largest position. Mogy Joel R Investment Counsel Inc.’s holdings in AT&T were worth $9,088,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted its stake in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares during the period. Taylor Wealth Management Partners boosted its stake in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC boosted its stake in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares during the period. Invictus RG boosted its stake in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares during the period. Finally, JNBA Financial Advisors boosted its stake in AT&T by 6.6% in the second quarter. JNBA Financial Advisors now owns 3,852 shares of the company’s stock valued at $166,000 after buying an additional 238 shares during the period. 53.64% of the stock is owned by institutional investors and hedge funds.
AT&T Inc. (NYSE:T) traded up 0.53% during trading on Tuesday, reaching $41.36. 14,322,974 shares of the company were exchanged. The firm’s 50-day moving average is $41.23 and its 200 day moving average is $40.43. AT&T Inc. has a one year low of $31.85 and a one year high of $43.89. The company has a market capitalization of $254.45 billion, a P/E ratio of 17.84 and a beta of 0.28.
AT&T (NYSE:T) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The business earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. On average, analysts anticipate that AT&T Inc. will post $2.86 EPS for the current fiscal year.
A number of equities analysts have issued reports on T shares. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, July 5th. Deutsche Bank AG raised their price objective 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 on the stock. 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 equities research 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. AT&T has a consensus rating of “Hold” and a consensus target price of $41.43.
In related news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares in the company, valued at $589,230.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.
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.
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).
Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with MarketBeat.com's FREE daily email newsletter.