Clark Estates Inc. NY boosted its position in shares of AT&T Inc. (NYSE:T) by 45.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 875,000 shares of the technology company’s stock after buying an additional 273,000 shares during the quarter. AT&T accounts for approximately 5.6% of Clark Estates Inc. NY’s investment portfolio, making the stock its 3rd largest position. Clark Estates Inc. NY’s holdings in AT&T were worth $34,020,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. New Capital Management LP lifted its holdings in shares of AT&T by 130.9% during the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new stake in shares of AT&T during the third quarter valued at $104,000. Macroview Investment Management LLC lifted its holdings in shares of AT&T by 144.3% during the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after purchasing an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of AT&T during the second quarter valued at $134,000. Finally, Israel Discount Bank of New York lifted its holdings in shares of AT&T by 0.6% during the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after purchasing an additional 25 shares during the last quarter. 55.92% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. SunTrust Banks increased their price objective on AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price objective for the company. in a research note on Wednesday, November 29th. Argus reissued a “buy” rating and issued a $36.83 price objective (down from $48.00) on shares of AT&T in a research note on Wednesday, February 7th. Finally, Scotiabank set a $40.00 price objective on AT&T and gave the stock a “hold” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company. AT&T has a consensus rating of “Hold” and an average target price of $41.83.
AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. The business had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. equities research analysts anticipate that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.
In related news, CEO John Donovan acquired 27,997 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $35.68 per share, with a total value of $998,932.96. Following the acquisition, the chief executive officer now owns 179,834 shares in the company, valued at approximately $6,416,477.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard W. Fisher acquired 2,600 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the acquisition, the director now owns 2,600 shares in the company, valued at approximately $99,060. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3287332/clark-estates-inc-ny-purchases-273000-shares-of-att-inc-t.html.
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.
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.