AT&T Inc. (NYSE:T) Stake Raised by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its position in AT&T Inc. (NYSE:T) by 16.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,883,909 shares of the technology company’s stock after acquiring an additional 847,027 shares during the quarter. AT&T comprises about 2.1% of Westwood Holdings Group Inc.’s portfolio, making the stock its 2nd largest position. Westwood Holdings Group Inc. owned 0.08% of AT&T worth $197,170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its stake in AT&T by 4.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 154,932 shares of the technology company’s stock worth $4,422,000 after buying an additional 7,243 shares during the period. Sabal Trust CO raised its stake in AT&T by 20.8% during the 4th quarter. Sabal Trust CO now owns 19,542 shares of the technology company’s stock worth $558,000 after buying an additional 3,369 shares during the period. Buckley Wealth Management LLC raised its stake in shares of AT&T by 3.9% in the 4th quarter. Buckley Wealth Management LLC now owns 176,470 shares of the technology company’s stock valued at $5,036,000 after purchasing an additional 6,656 shares during the period. Hurlow Wealth Management Group Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at about $365,000. Finally, Pettinga Financial Advisors LLC acquired a new stake in shares of AT&T in the 4th quarter valued at about $893,000. 53.04% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO John T. Stankey sold 4,024 shares of AT&T stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total transaction of $137,419.60. Following the completion of the transaction, the chief executive officer now owns 2,366 shares in the company, valued at $80,798.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.



T has been the topic of several recent research reports. JPMorgan Chase & Co. set a $39.00 price target on AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. Morgan Stanley set a $37.00 price target on AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. Cowen set a $40.00 price target on AT&T and gave the company a “buy” rating in a research note on Friday, September 6th. Citigroup lifted their price target on AT&T from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Oppenheimer set a $41.00 price target on AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.03.

AT&T stock traded up $0.30 during midday trading on Friday, reaching $37.45. 861,894 shares of the company’s stock were exchanged, compared to its average volume of 34,072,484. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $38.75. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $271.53 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 2.34 and a beta of 0.62. The stock’s 50-day simple moving average is $35.39 and its 200 day simple moving average is $32.79.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.89 EPS for the quarter, hitting analysts’ consensus estimates of $0.89. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The business had revenue of $44.96 billion during the quarter, compared to analysts’ expectations of $44.97 billion. During the same quarter last year, the company posted $0.91 earnings per share. AT&T’s quarterly revenue was up 15.3% on a year-over-year basis. Research analysts forecast that AT&T Inc. will post 3.57 earnings per share for the current year.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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