Sabal Trust CO increased its holdings in AT&T Inc. (NYSE:T) by 20.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,542 shares of the technology company’s stock after buying an additional 3,369 shares during the period. Sabal Trust CO’s holdings in AT&T were worth $558,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. NuWave Investment Management LLC purchased a new stake in AT&T during the 4th quarter valued at $40,000. Mackey Komara & Dankovich LLC bought a new stake in shares of AT&T during the 4th quarter valued at $76,000. Creative Financial Designs Inc. ADV grew its position in shares of AT&T by 86.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,696 shares of the technology company’s stock valued at $77,000 after acquiring an additional 1,249 shares during the period. New Capital Management LP grew its position in shares of AT&T by 234.6% during the 4th quarter. New Capital Management LP now owns 3,349 shares of the technology company’s stock valued at $96,000 after acquiring an additional 2,348 shares during the period. Finally, Stelac Advisory Services LLC bought a new stake in shares of AT&T during the 3rd quarter valued at $121,000. Institutional investors own 53.02% of the company’s stock.
Several research analysts recently weighed in on T shares. ValuEngine raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Monday, May 20th. Desjardins reaffirmed an “average” rating and issued a $56.50 target price on shares of AT&T in a report on Friday, April 5th. Finally, Raymond James raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Friday, March 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.35.
AT&T stock traded up $0.06 during midday trading on Friday, reaching $32.35. The stock had a trading volume of 18,810,375 shares, compared to its average volume of 30,491,238. The firm has a market capitalization of $234.85 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 2.01 and a beta of 0.55. AT&T Inc. has a 52-week low of $26.80 and a 52-week high of $34.30. 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 (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.86. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The business had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. During the same period last year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. Research analysts anticipate that AT&T Inc. will post 3.58 earnings per share for the current fiscal year.
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AT&T Company 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.
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