AT&T Inc. (T) Holdings Boosted by Mastrapasqua Asset Management Inc.

Mastrapasqua Asset Management Inc. boosted its holdings in AT&T Inc. (NYSE:T) by 30.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,555 shares of the technology company’s stock after buying an additional 6,630 shares during the quarter. Mastrapasqua Asset Management Inc.’s holdings in AT&T were worth $1,077,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of T. Holderness Investments Co. increased its position in shares of AT&T by 62.9% during the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 37,234 shares during the last quarter. Doyle Wealth Management increased its position in shares of AT&T by 4.3% during the 2nd quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock valued at $1,417,000 after purchasing an additional 1,559 shares during the last quarter. Telos Capital Management Inc. increased its position in shares of AT&T by 4.8% during the 2nd quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock valued at $2,641,000 after purchasing an additional 3,197 shares during the last quarter. Altfest L J & Co. Inc. increased its position in shares of AT&T by 42.1% during the 2nd quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock valued at $1,721,000 after purchasing an additional 13,510 shares during the last quarter. Finally, Welch Investments LLC increased its position in shares of AT&T by 9.3% during the 2nd quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock valued at $4,122,000 after purchasing an additional 9,291 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

AT&T Inc. (T) traded up $0.12 during mid-day trading on Friday, reaching $36.50. The company’s stock had a trading volume of 31,433,104 shares, compared to its average volume of 38,428,480. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $43.03. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. The company has a market cap of $224,073.50, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 3.03 and a beta of 0.44.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities analysts predict that AT&T Inc. will post 2.92 EPS for the current fiscal year.

Several research firms have recently commented on T. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target for the company in a research report on Wednesday, August 16th. Jefferies Group reiterated a “buy” rating and set a $36.38 price objective (down from $48.00) on shares of AT&T in a research note on Friday. Moffett Nathanson reiterated a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. Morgan Stanley boosted their price objective on AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. Finally, Macquarie reiterated a “buy” rating and set a $43.00 price objective on shares of AT&T in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.81.

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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.

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

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