Latest Stocks: Stokes & Hubbell Capital Management LLC Purchases 2,083 Shares of AT&T Inc. (T)

Latest Stocks: Stokes & Hubbell Capital Management LLC Purchases 2,083 Shares of AT&T Inc. (T)

Stokes & Hubbell Capital Management LLC boosted its stake in AT&T Inc. (NYSE:T) by 2.7% during the first quarter, Holdings Channel reports. The fund owned 79,046 shares of the technology company’s stock after buying an additional 2,083 shares during the period. AT&T comprises 1.1% of Stokes & Hubbell Capital Management LLC’s portfolio, making the stock its 25th largest position. Stokes & Hubbell Capital Management LLC’s holdings in AT&T were worth $3,284,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in T. Lathrop Investment Management Corp increased its stake in shares of AT&T by 0.3% in the first quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock valued at $1,037,000 after buying an additional 73 shares during the last quarter. Schneider Downs Wealth Management Advisors LP increased its stake in shares of AT&T by 5.8% in the first quarter. Schneider Downs Wealth Management Advisors LP now owns 11,010 shares of the technology company’s stock valued at $457,000 after buying an additional 600 shares during the last quarter. Gierl Augustine Investment Management Inc increased its stake in shares of AT&T by 8.4% in the first quarter. Gierl Augustine Investment Management Inc now owns 91,189 shares of the technology company’s stock valued at $3,789,000 after buying an additional 7,086 shares during the last quarter. Verus Financial Partners Inc. increased its stake in shares of AT&T by 25.5% in the first quarter. Verus Financial Partners Inc. now owns 16,531 shares of the technology company’s stock valued at $687,000 after buying an additional 3,364 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. increased its stake in shares of AT&T by 7.4% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 139,340 shares of the technology company’s stock valued at $5,790,000 after buying an additional 9,599 shares during the last quarter. 53.90% of the stock is owned by institutional investors and hedge funds.

AT&T Inc. (NYSE T) opened at 38.81 on Tuesday. AT&T Inc. has a 12-month low of $36.10 and a 12-month high of $43.89. The firm has a 50-day moving average of $38.90 and a 200 day moving average of $40.65. The stock has a market capitalization of $238.60 billion, a price-to-earnings ratio of 18.98 and a beta of 0.39.

AT&T (NYSE:T) last posted its earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.74. The firm had revenue of $39.40 billion for the quarter, compared to the consensus estimate of $40.50 billion. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. On average, analysts predict that AT&T Inc. will post $2.90 earnings per share for the current fiscal year.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday. Drexel Hamilton reissued a “hold” rating on shares of AT&T in a research note on Friday. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $39.93 price objective for the company. in a research note on Tuesday, May 30th. Moffett Nathanson raised shares of 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, Royal Bank of Canada set a $42.00 price objective on shares of AT&T and gave the stock a “hold” rating in a research note on Saturday, May 20th. Twenty equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.16. About AT&T

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