Harvey Investment Co. LLC Has $420,000 Position in AT&T Inc. (T)

Harvey Investment Co. LLC held its position in AT&T Inc. (NYSE:T) during the first quarter, Holdings Channel reports. The institutional investor owned 10,111 shares of the technology company’s stock at the end of the first quarter. Harvey Investment Co. LLC’s holdings in AT&T were worth $420,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Mission Wealth Management LLC raised its position in AT&T by 3.3% in the fourth quarter. Mission Wealth Management LLC now owns 27,498 shares of the technology company’s stock worth $1,169,000 after buying an additional 885 shares during the last quarter. Norway Savings Bank acquired a new position in AT&T during the fourth quarter worth approximately $990,000. REDW Stanley Financial Advisors LLC acquired a new position in AT&T during the fourth quarter worth approximately $485,000. Cascade Investment Advisors Inc. acquired a new position in AT&T during the fourth quarter worth approximately $162,000. Finally, Headinvest LLC acquired a new position in AT&T during the fourth quarter worth approximately $1,143,000. Institutional investors own 55.35% of the company’s stock.

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

AT&T Inc. (NYSE T) opened at 38.91 on Tuesday. The stock has a 50 day moving average of $38.52 and a 200-day moving average of $40.64. The company has a market cap of $239.22 billion, a PE ratio of 19.03 and a beta of 0.48. AT&T Inc. has a 1-year low of $36.10 and a 1-year high of $43.89.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. The business had revenue of $39.40 billion for the quarter, compared to analyst estimates of $40.50 billion. AT&T had a net margin of 7.77% and a return on equity of 14.22%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, equities research analysts predict that AT&T Inc. will post $2.90 earnings per share for the current year.

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A number of research firms have recently commented on T. Argus reiterated a “buy” rating and issued a $51.00 price objective on shares of AT&T in a research note on Monday, April 10th. Royal Bank Of Canada set a $42.00 price objective on AT&T and gave the stock a “hold” rating in a research note on Saturday, May 20th. Vetr lowered AT&T from a “buy” rating to a “hold” rating and set a $38.92 price objective on the stock. in a research note on Monday, May 22nd. Moffett Nathanson upgraded AT&T from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Finally, SunTrust Banks, Inc. began coverage on AT&T in a research note on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price objective on the stock. Twenty analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $44.16.

AT&T Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “T”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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