Delta Lloyd NV decreased its stake in AT&T Inc. (NYSE:T) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 407,833 shares of the company’s stock after selling 7,919 shares during the period. Delta Lloyd NV’s holdings in AT&T were worth $17,622,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in T. Proficio Capital Partners LLC raised 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 worth $101,000 after buying an additional 1,489 shares during the period. Taylor Wealth Management Partners raised 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 worth $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC raised 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 worth $113,000 after buying an additional 300 shares during the period. Invictus RG raised its stake in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock worth $138,000 after buying an additional 2,560 shares during the period. Finally, JNBA Financial Advisors raised 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 worth $166,000 after buying an additional 238 shares during the period. Institutional investors own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 1.59% during mid-day trading on Wednesday, hitting $40.80. The stock had a trading volume of 17,693,207 shares. The stock has a market capitalization of $251.00 billion, a price-to-earnings ratio of 17.59 and a beta of 0.28. AT&T Inc. has a 12-month low of $32.17 and a 12-month high of $43.89. The stock’s 50-day moving average price is $41.18 and its 200-day moving average price is $40.46.
AT&T (NYSE:T) last announced its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, equities analysts anticipate that AT&T Inc. will post $2.86 EPS for the current fiscal year.
T has been the subject of a number of recent analyst reports. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price objective for the company. in a research note on Tuesday, June 21st. Barclays PLC restated a “buy” rating on shares of AT&T in a research note on Sunday, July 17th. S&P Equity Research set a $46.00 price objective on AT&T and gave the company a “buy” rating in a research note on Sunday, July 24th. FBR & Co raised their price objective on AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Finally, Robert W. Baird restated a “neutral” rating and set a $41.00 price objective on shares of AT&T in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $41.43.
In other news, CEO John T. Stankey sold 2,131 shares of the business’s 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 transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is 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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