Godsey & Gibb Associates Has $13.60 Million Position in AT&T Inc. (T)

Godsey & Gibb Associates decreased its position in AT&T Inc. (NYSE:T) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 349,662 shares of the technology company’s stock after selling 5,642 shares during the quarter. AT&T comprises about 2.3% of Godsey & Gibb Associates’ holdings, making the stock its 26th largest position. Godsey & Gibb Associates’ holdings in AT&T were worth $13,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in T. Vantage Financial Partners Ltd. Inc. purchased a new stake in AT&T in the 2nd quarter valued at about $314,000. New Capital Management LP grew its holdings in AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after buying an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. purchased a new stake in AT&T in the 3rd quarter valued at about $104,000. Macroview Investment Management LLC grew its holdings in AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after buying an additional 1,595 shares during the period. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in AT&T in the 2nd quarter valued at about $134,000. 55.92% of the stock is owned by hedge funds and other institutional investors.

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In other AT&T news, EVP John T. Stankey sold 2,307 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Donovan bought 27,997 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the transaction, the chief executive officer now owns 179,834 shares in the company, valued at $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the company. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 target price for the company. in a report on Wednesday, November 29th. Jefferies Group reiterated a “buy” rating and set a $36.38 target price (down previously from $48.00) on shares of AT&T in a report on Friday, December 1st. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, KeyCorp boosted their target price on AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $41.73.

AT&T Inc. (NYSE T) opened at $34.70 on Monday. The firm has a market capitalization of $213,023.30, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $41.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.97.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. The firm had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. equities analysts forecast that AT&T Inc. will post 3.47 earnings per share for the current year.

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AT&T 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.

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

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