Edmonds Duncan Registered Investment Advisors LLC Sells 169 Shares of AT&T Inc. (NYSE:T)

Edmonds Duncan Registered Investment Advisors LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,577 shares of the technology company’s stock after selling 169 shares during the period. Edmonds Duncan Registered Investment Advisors LLC’s holdings in AT&T were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NewFocus Financial Group LLC lifted its holdings in shares of AT&T by 1.3% in the 1st quarter. NewFocus Financial Group LLC now owns 44,855 shares of the technology company’s stock valued at $1,864,000 after acquiring an additional 559 shares during the last quarter. Accuvest Global Advisors bought a new position in shares of AT&T in the 1st quarter valued at about $438,000. Rainier Group Investment Advisory LLC lifted its holdings in shares of AT&T by 8.5% in the 1st quarter. Rainier Group Investment Advisory LLC now owns 8,261 shares of the technology company’s stock valued at $343,000 after acquiring an additional 650 shares during the last quarter. Busey Trust CO lifted its holdings in shares of AT&T by 1.3% in the 1st quarter. Busey Trust CO now owns 93,906 shares of the technology company’s stock valued at $3,902,000 after acquiring an additional 1,242 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in shares of AT&T by 0.7% in the 1st quarter. Pictet Asset Management Ltd. now owns 4,587,599 shares of the technology company’s stock valued at $190,615,000 after acquiring an additional 33,077 shares during the last quarter. 55.01% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on T shares. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Macquarie reaffirmed a “buy” rating and issued a $43.00 price target on shares of AT&T in a report on Friday, September 1st. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 price objective on shares of AT&T in a research note on Sunday, July 9th. Finally, Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective for the company in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $43.41.

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AT&T Inc. (T) traded up 2.15% on Friday, reaching $37.10. 47,942,916 shares of the company were exchanged. The stock has a market capitalization of $227.79 billion, a price-to-earnings ratio of 17.43 and a beta of 0.49. AT&T Inc. has a 52 week low of $35.10 and a 52 week high of $43.03. The stock has a 50-day moving average price of $37.65 and a 200 day moving average price of $38.92.

AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The firm had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. AT&T’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. Analysts forecast that AT&T Inc. will post $2.94 earnings per share for the current year.

About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Institutional Ownership by Quarter for AT&T (NYSE:T)

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