Benjamin F. Edwards & Company Inc. Has $4.42 Million Stake in AT&T Inc. (NYSE:T)

Benjamin F. Edwards & Company Inc. increased its holdings in shares of AT&T Inc. (NYSE:T) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,932 shares of the technology company’s stock after purchasing an additional 7,243 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in AT&T were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Vanguard Group Inc increased its holdings in AT&T by 0.6% in the third quarter. Vanguard Group Inc now owns 531,005,481 shares of the technology company’s stock valued at $17,831,164,000 after buying an additional 3,379,045 shares in the last quarter. Vanguard Group Inc. increased its holdings in AT&T by 0.6% in the third quarter. Vanguard Group Inc. now owns 531,005,481 shares of the technology company’s stock valued at $17,831,164,000 after buying an additional 3,379,045 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in AT&T by 155.7% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,813,062 shares of the technology company’s stock valued at $128,043,000 after buying an additional 2,321,960 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in AT&T by 3,209.0% in the third quarter. Rehmann Capital Advisory Group now owns 2,149,677 shares of the technology company’s stock valued at $1,380,676,000 after buying an additional 2,084,713 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in AT&T by 15.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 10,869,000 shares of the technology company’s stock valued at $310,201,000 after buying an additional 1,485,000 shares in the last quarter. 53.02% of the stock is owned by institutional investors.

NYSE:T traded up $0.06 during trading hours on Friday, reaching $32.35. 18,810,375 shares of the company’s stock were exchanged, compared to its average volume of 30,491,238. The stock has a market cap of $234.85 billion, a P/E ratio of 9.19, a P/E/G ratio of 2.01 and a beta of 0.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.72 and a quick ratio of 0.72. AT&T Inc. has a 1-year low of $26.80 and a 1-year high of $34.30.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.86. The firm had revenue of $44.83 billion during the quarter, compared to analysts’ expectations of $45.20 billion. AT&T had a net margin of 10.59% and a return on equity of 13.16%. AT&T’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Sell-side analysts expect that AT&T Inc. will post 3.58 EPS for the current fiscal year.

T has been the topic of several research analyst reports. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Friday, March 15th. They noted that the move was a valuation call. Desjardins reiterated an “average” rating and issued a $56.50 target price on shares of AT&T in a research report on Friday, April 5th. Finally, ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. AT&T has a consensus rating of “Buy” and a consensus target price of $36.35.

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AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Further Reading: The limitations of an equal weight rating

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

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