Prentiss Smith & Co. Inc. boosted its position in AT&T Inc. (NYSE:T) by 4.6% during the first quarter, Holdings Channel reports. The firm owned 29,710 shares of the technology company’s stock after buying an additional 1,300 shares during the period. Prentiss Smith & Co. Inc.’s holdings in AT&T were worth $1,234,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elgethun Capital Management bought a new stake in AT&T during the fourth quarter valued at $100,000. Massey Quick & Co. LLC bought a new stake in AT&T during the fourth quarter valued at $102,000. Empirical Finance LLC bought a new stake in AT&T during the fourth quarter valued at $116,000. Itau Unibanco Holding S.A. bought a new stake in AT&T during the third quarter valued at $127,000. Finally, Integrated Wealth Counsel LLC increased its stake in AT&T by 246.1% in the third quarter. Integrated Wealth Counsel LLC now owns 3,461 shares of the technology company’s stock valued at $141,000 after buying an additional 2,461 shares during the last quarter. Hedge funds and other institutional investors own 53.90% of the company’s stock.
AT&T Inc. (T) opened at 38.81 on Tuesday. The company has a 50-day moving average price of $38.90 and a 200-day moving average price of $40.65. The company has a market capitalization of $238.60 billion, a PE ratio of 18.98 and a beta of 0.39. AT&T Inc. has a one year low of $36.10 and a one year high of $43.89.
AT&T (NYSE:T) last released its earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $39.40 billion during the quarter, compared to analysts’ expectations of $40.50 billion. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. Analysts expect that AT&T Inc. will post $2.90 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. Deutsche Bank AG restated a “hold” rating and issued a $42.00 price target on shares of AT&T in a research note on Saturday, March 11th. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.59 price target on the stock in a research note on Wednesday, March 22nd. Instinet restated a “buy” rating and issued a $45.00 price target (down previously from $46.00) on shares of AT&T in a research note on Sunday, April 2nd. Argus restated a “buy” rating and issued a $51.00 price target on shares of AT&T in a research note on Monday, April 10th. Finally, Wells Fargo & Co restated an “outperform” rating on shares of AT&T in a research note on Tuesday, April 11th. Twenty research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.16.
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