Hermes Investment Management Ltd. continued to hold its stake in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,741 shares of the technology company’s stock at the end of the 2nd quarter. Hermes Investment Management Ltd.’s holdings in AT&T were worth $1,726,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of T. APG Asset Management N.V. lifted its stake in shares of AT&T by 7.1% in the 2nd quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock valued at $638,314,000 after acquiring an additional 1,117,300 shares during the last quarter. Achmea Investment Management B.V. purchased a new position in AT&T during the 1st quarter valued at about $42,198,000. Schwab Charles Investment Management Inc. increased its holdings in AT&T by 4.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock valued at $928,960,000 after purchasing an additional 985,330 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in AT&T by 511.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 1,003,922 shares of the technology company’s stock valued at $37,878,000 after purchasing an additional 839,792 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in AT&T during the 1st quarter valued at about $25,127,000. 54.99% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on T shares. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Macquarie reiterated a “buy” rating and set a $43.00 target price on shares of AT&T in a report on Friday, September 1st. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 price target on shares of AT&T in a research note on Sunday, July 9th. Finally, Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.36.
AT&T Inc. (NYSE T) opened at 38.59 on Friday. The stock has a market capitalization of $236.94 billion, a price-to-earnings ratio of 18.13 and a beta of 0.49. The company’s 50-day moving average is $37.58 and its 200 day moving average is $38.81. AT&T Inc. has a one year low of $35.10 and a one year high of $43.03.
AT&T (NYSE:T) last released its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same period in the prior year, the business earned $0.72 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post $2.94 EPS for the current year.
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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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