James Investment Research Inc. Sells 965,677 Shares of AT&T Inc. (T)

James Investment Research Inc. lessened its holdings in AT&T Inc. (NYSE:T) by 89.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,810 shares of the technology company’s stock after selling 965,677 shares during the quarter. James Investment Research Inc.’s holdings in AT&T were worth $4,269,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new position in AT&T during the second quarter worth about $314,000. New Capital Management LP raised its stake in AT&T by 130.9% during the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,500 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in AT&T during the third quarter worth about $104,000. Macroview Investment Management LLC raised its stake in AT&T by 144.3% during the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,595 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc acquired a new position in AT&T during the second quarter worth about $134,000. 55.92% of the stock is owned by institutional investors.

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Several research analysts have commented on T shares. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 target price for the company. in a research note on Wednesday, November 29th. Jefferies Group reissued a “buy” rating and set a $36.38 target price (down previously from $48.00) on shares of AT&T in a research note on Friday, December 1st. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research note 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 research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.73.

In other AT&T news, CEO John Donovan purchased 27,997 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the acquisition, the chief executive officer now owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John T. Stankey sold 2,307 shares of the 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 owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

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

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