AT&T Inc. (T) Position Held by Laurel Grove Capital LLC

Laurel Grove Capital LLC held its stake in shares of AT&T Inc. (NYSE:T) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,091 shares of the technology company’s stock at the end of the first quarter. Laurel Grove Capital LLC’s holdings in AT&T were worth $959,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Fenimore Asset Management Inc. increased its position in AT&T by 4.4% in the first quarter. Fenimore Asset Management Inc. now owns 7,394 shares of the technology company’s stock valued at $307,000 after buying an additional 311 shares during the period. Kempner Capital Management Inc. increased its position in AT&T by 10.2% in the first quarter. Kempner Capital Management Inc. now owns 136,499 shares of the technology company’s stock valued at $5,672,000 after buying an additional 12,641 shares during the period. LVM Capital Management Ltd. MI increased its position in AT&T by 1.5% in the first quarter. LVM Capital Management Ltd. MI now owns 369,537 shares of the technology company’s stock valued at $15,354,000 after buying an additional 5,525 shares during the period. Carroll Financial Associates Inc. increased its position in shares of AT&T by 4.2% in the first quarter. Carroll Financial Associates Inc. now owns 55,802 shares of the technology company’s stock worth $2,318,000 after buying an additional 2,264 shares during the last quarter. Finally, National Pension Service increased its position in shares of AT&T by 5.2% in the first quarter. National Pension Service now owns 4,253,269 shares of the technology company’s stock worth $177,617,000 after buying an additional 210,201 shares during the last quarter. Institutional investors and hedge funds own 55.35% of the company’s stock.

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

Shares of AT&T Inc. (T) traded down 0.13% during midday trading on Monday, hitting $38.91. 20,956,618 shares of the company’s stock were exchanged. AT&T Inc. has a 1-year low of $36.10 and a 1-year high of $43.89. The stock’s 50 day moving average is $38.54 and its 200-day moving average is $40.62. The stock has a market cap of $239.22 billion, a PE ratio of 19.03 and a beta of 0.48.

AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $39.40 billion during the quarter, compared to analyst estimates of $40.50 billion. AT&T had a net margin of 7.77% and a return on equity of 14.22%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Analysts predict that AT&T Inc. will post $2.90 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on T shares. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.93 price objective on the stock in a research report on Wednesday, May 24th. Instinet reaffirmed a “buy” rating and set a $45.00 target price (down from $46.00) on shares of AT&T in a research report on Sunday, April 2nd. Argus reiterated a “buy” rating and set a $51.00 price objective on shares of AT&T in a research note on Monday, April 10th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price objective on shares of AT&T in a research note on Wednesday, April 19th. Finally, ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Twenty investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. AT&T has a consensus rating of “Hold” and an average price target of $44.16.

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.

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