Bridgewater Wealth & Financial Management LLC cut its position in shares of AT&T Inc. (NYSE:T) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,242 shares of the company’s stock after selling 838 shares during the period. Bridgewater Wealth & Financial Management LLC’s holdings in AT&T were worth $356,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Proficio Capital Partners LLC raised its position in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares during the last quarter. Taylor Wealth Management Partners raised its position in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock worth $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC raised its position in shares of AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock worth $113,000 after buying an additional 300 shares in the last quarter. Invictus RG raised its position in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock worth $138,000 after buying an additional 2,560 shares in the last quarter. Finally, JNBA Financial Advisors raised its position in shares of AT&T by 6.6% in the second quarter. JNBA Financial Advisors now owns 3,852 shares of the company’s stock worth $166,000 after buying an additional 238 shares in the last quarter. Institutional investors own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 1.62% during midday trading on Wednesday, reaching $40.79. The company’s stock had a trading volume of 17,693,585 shares. The stock has a market capitalization of $250.94 billion, a P/E ratio of 17.59 and a beta of 0.28. The stock’s 50-day moving average is $41.18 and its 200 day moving average is $40.46. AT&T Inc. has a 12 month low of $32.17 and a 12 month high of $43.89.
AT&T (NYSE:T) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The firm earned $40.50 billion during the quarter, compared to analysts’ expectations of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, analysts expect that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. S&P Equity Research set a $46.00 price objective on AT&T and gave the stock a “buy” rating in a report on Sunday, July 24th. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price objective on the stock. in a report on Tuesday, June 21st. Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a report on Friday, July 22nd. Barclays PLC upped their price objective on AT&T from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, July 15th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of AT&T in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and a consensus price target of $41.43.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by company insiders.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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