Princeton Global Asset Management LLC raised its holdings in AT&T Inc. (NYSE:T) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,550 shares of the technology company’s stock after acquiring an additional 4,756 shares during the period. Princeton Global Asset Management LLC’s holdings in AT&T were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in T. JJJ Advisors Inc. acquired a new stake in AT&T in the 3rd quarter valued at approximately $27,000. Horan Securities Inc. raised its holdings in shares of AT&T by 439.2% in the second quarter. Horan Securities Inc. now owns 1,019 shares of the technology company’s stock valued at $34,000 after purchasing an additional 830 shares during the last quarter. Next Capital Management LLC acquired a new stake in shares of AT&T in the second quarter valued at approximately $39,000. Bourgeon Capital Management LLC bought a new stake in shares of AT&T in the third quarter worth $45,000. Finally, Fulcrum Equity Management bought a new stake in shares of AT&T in the third quarter worth $51,000. Institutional investors own 53.65% of the company’s stock.
T stock traded up $0.23 during trading hours on Tuesday, reaching $37.55. The stock had a trading volume of 24,508,534 shares, compared to its average volume of 30,598,943. The stock has a market capitalization of $274.30 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.36 and a beta of 0.62. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50-day simple moving average of $38.21 and a 200 day simple moving average of $35.30. AT&T Inc. has a fifty-two week low of $26.80 and a fifty-two week high of $39.70.
AT&T (NYSE:T) last released its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $44.59 billion for the quarter, compared to analyst estimates of $45.45 billion. AT&T had a net margin of 8.97% and a return on equity of 13.42%. AT&T’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. On average, sell-side analysts forecast that AT&T Inc. will post 3.57 EPS for the current fiscal year.
A number of research analysts recently weighed in on the stock. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research report on Thursday, November 14th. Morgan Stanley set a $37.00 price target on shares of AT&T and gave the stock a “buy” rating in a research report on Tuesday, September 10th. DZ Bank restated a “hold” rating and set a $38.00 price objective on shares of AT&T in a research note on Wednesday, September 18th. Standpoint Research cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, SunTrust Banks lifted their target price on AT&T to $36.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.22.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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