Boys Arnold & Co. Inc. Sells 9,844 Shares of AT&T Inc. (T)

Boys Arnold & Co. Inc. lessened its stake in shares of AT&T Inc. (NYSE:T) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,958 shares of the technology company’s stock after selling 9,844 shares during the quarter. AT&T makes up about 0.9% of Boys Arnold & Co. Inc.’s portfolio, making the stock its 18th biggest position. Boys Arnold & Co. Inc.’s holdings in AT&T were worth $6,828,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RiverFront Investment Group LLC lifted its holdings in shares of AT&T by 0.3% during the 1st quarter. RiverFront Investment Group LLC now owns 513,842 shares of the technology company’s stock valued at $21,350,000 after purchasing an additional 1,614 shares during the last quarter. Callahan Advisors LLC lifted its holdings in shares of AT&T by 3.9% during the 1st quarter. Callahan Advisors LLC now owns 241,132 shares of the technology company’s stock valued at $10,019,000 after purchasing an additional 8,993 shares during the last quarter. Mercer Capital Advisers Inc. lifted its holdings in shares of AT&T by 15.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 22,750 shares of the technology company’s stock valued at $945,000 after purchasing an additional 3,007 shares during the last quarter. Exane Derivatives lifted its holdings in shares of AT&T by 7,915.3% during the 1st quarter. Exane Derivatives now owns 80,153 shares of the technology company’s stock valued at $3,330,000 after purchasing an additional 79,153 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of AT&T by 6.2% during the 1st quarter. North Star Investment Management Corp. now owns 161,815 shares of the technology company’s stock valued at $6,723,000 after purchasing an additional 9,421 shares during the last quarter. 55.86% of the stock is currently owned by institutional investors and hedge funds.

In other AT&T news, Director Matthew K. Rose bought 29,600 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

AT&T Inc. (NYSE:T) traded down $0.36 during midday trading on Tuesday, hitting $36.91. The company’s stock had a trading volume of 16,811,481 shares, compared to its average volume of 25,062,650. The stock has a market cap of $225,880.00, a price-to-earnings ratio of 12.46, a P/E/G ratio of 3.03 and a beta of 0.44. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $43.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60.

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

A number of brokerages recently issued reports on T. Macquarie restated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Jefferies Group restated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research note on Thursday, August 24th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, October 11th. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 target price for the company. in a research note on Friday, October 6th. Finally, Standpoint Research began coverage on AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.81.

TRADEMARK VIOLATION NOTICE: “Boys Arnold & Co. Inc. Sells 9,844 Shares of AT&T Inc. (T)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/05/boys-arnold-co-inc-sells-9844-shares-of-att-inc-t.html.

AT&T Company 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.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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

What are top analysts saying about AT&T Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AT&T Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit