SRS Capital Advisors Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 20.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,529 shares of the technology company’s stock after purchasing an additional 1,991 shares during the period. AT&T comprises 0.2% of SRS Capital Advisors Inc.’s holdings, making the stock its 28th biggest holding. SRS Capital Advisors Inc.’s holdings in AT&T were worth $479,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of T. Feltz Wealth PLAN Inc. bought a new position in AT&T in the 1st quarter worth about $104,000. Taylor Wealth Management Partners grew its stake in AT&T by 0.4% in the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after acquiring an additional 11 shares in the last quarter. Asset Planning Services Ltd. grew its stake in AT&T by 26.6% in the 1st quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock worth $173,000 after acquiring an additional 877 shares in the last quarter. Cedar Wealth Management LLC grew its stake in AT&T by 0.9% in the 1st quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock worth $228,000 after acquiring an additional 50 shares in the last quarter. Finally, FDO Partners LLC bought a new position in AT&T in the 1st quarter worth about $240,000. Institutional investors own 54.99% of the company’s stock.
A number of research firms have recently issued reports on T. BidaskClub upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $39.93 price objective on the stock. in a research note on Tuesday, May 30th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $43.00 price objective on shares of AT&T in a research note on Thursday. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and an average target price of $43.36.
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AT&T Inc. (T) opened at 38.59 on Friday. 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. The stock has a market cap of $236.94 billion, a PE ratio of 18.13 and a beta of 0.49.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, equities research analysts expect that AT&T Inc. will post $2.94 EPS for the current year.
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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