Meridian Investment Counsel Inc. Continues to Hold Holdings in AT&T Inc. (NYSE:T)

Meridian Investment Counsel Inc. maintained its stake in shares of AT&T Inc. (NYSE:T) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,694 shares of the technology company’s stock at the close of the first quarter. AT&T makes up approximately 2.2% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 5th largest holding. Meridian Investment Counsel Inc.’s holdings in AT&T were worth $3,644,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of T. Macquarie Group Ltd. increased its holdings in shares of AT&T by 6.1% in the 4th quarter. Macquarie Group Ltd. now owns 19,837,884 shares of the technology company’s stock valued at $843,705,000 after purchasing an additional 1,139,382 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of AT&T by 0.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock valued at $744,385,000 after purchasing an additional 143,884 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of AT&T by 26.5% in the 4th quarter. Teachers Advisors LLC now owns 13,610,660 shares of the technology company’s stock valued at $578,861,000 after purchasing an additional 2,849,017 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of AT&T by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 8,314,812 shares of the technology company’s stock valued at $345,245,000 after purchasing an additional 62,384 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its holdings in AT&T by 2.7% during the 1st quarter. Chevy Chase Trust Holdings Inc. now owns 5,602,247 shares of the technology company’s stock valued at $232,773,000 after acquiring an additional 147,823 shares in the last quarter. Hedge funds and other institutional investors own 55.01% of the company’s stock.

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Several research firms have weighed in on T. BidaskClub upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a report on Friday, June 2nd. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $39.93 price target for the company. in a report on Tuesday, May 30th. Finally, Royal Bank Of Canada set a $42.00 price target on shares of AT&T and gave the stock a “hold” rating in a report on Saturday, May 20th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. AT&T has a consensus rating of “Hold” and an average price target of $43.41.

AT&T Inc. (T) traded up 2.15% during mid-day trading on Friday, reaching $37.10. The company’s stock had a trading volume of 47,942,916 shares. The company has a market cap of $227.79 billion, a price-to-earnings ratio of 17.43 and a beta of 0.49. The stock’s 50 day moving average is $37.65 and its 200 day moving average is $38.92. AT&T Inc. has a 12 month low of $35.10 and a 12 month high of $43.03.

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

AT&T Profile

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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