Cutter & CO Brokerage Inc. Trims Holdings in AT&T Inc. (T)

Cutter & CO Brokerage Inc. lessened its position in AT&T Inc. (NYSE:T) by 23.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 29,749 shares of the technology company’s stock after selling 8,883 shares during the period. Cutter & CO Brokerage Inc.’s holdings in AT&T were worth $1,122,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of T. Ullmann Financial Group Inc. bought a new stake in shares of AT&T in the first quarter valued at $101,000. Almanack Investment Partners LLC. bought a new stake in shares of AT&T in the first quarter valued at $109,000. Sterling Investment Advisors Ltd. raised its stake in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares during the period. CKW Financial Group raised its stake in shares of AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after buying an additional 1,724 shares during the period. Finally, Asset Planning Services Ltd. raised its stake in shares of AT&T by 2.5% in the second quarter. Asset Planning Services Ltd. now owns 4,273 shares of the technology company’s stock valued at $161,000 after buying an additional 104 shares during the period. Institutional investors own 55.86% of the company’s stock.

In other news, Director Matthew K. Rose bought 29,600 shares of AT&T stock in a transaction on Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

AT&T Inc. (NYSE:T) traded up $0.85 during midday trading on Monday, hitting $37.36. The stock had a trading volume of 18,916,280 shares, compared to its average volume of 24,996,186. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $43.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $224,073.50, a price-to-earnings ratio of 12.46, a PEG ratio of 3.03 and a beta of 0.44.

AT&T (NYSE:T) last released its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same period last year, the firm posted $0.74 EPS. The company’s revenue was down 3.0% on a year-over-year basis. sell-side analysts anticipate that AT&T Inc. will post 2.92 earnings per share for the current year.

Several analysts have issued reports on T shares. Jefferies Group restated a “buy” rating and issued a $36.38 target price (down from $48.00) on shares of AT&T in a research note on Friday. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price target for the company. in a research report on Tuesday, September 26th. Deutsche Bank reduced their price target on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Finally, Moffett Nathanson reiterated a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the company. AT&T has a consensus rating of “Hold” and a consensus price target of $42.81.

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About AT&T

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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