Evanston Investments Inc. dba Evanston Advisors boosted its stake in shares of AT&T Inc. (NYSE:T) by 2,472.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 204,884 shares of the technology company’s stock after acquiring an additional 196,920 shares during the period. AT&T comprises about 1.9% of Evanston Investments Inc. dba Evanston Advisors’ holdings, making the stock its 24th biggest holding. Evanston Investments Inc. dba Evanston Advisors’ holdings in AT&T were worth $7,730,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Ullmann Financial Group Inc. acquired a new stake in shares of AT&T in the first quarter valued at about $101,000. Almanack Investment Partners LLC. purchased a new stake in shares of AT&T in the first quarter valued at about $109,000. Sterling Investment Advisors Ltd. grew its holdings 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 purchasing an additional 2,024 shares during the period. CKW Financial Group grew its holdings 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 purchasing an additional 1,724 shares during the period. Finally, Asset Planning Services Ltd. grew its holdings 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 purchasing an additional 104 shares during the period. Institutional investors own 55.86% of the company’s stock.
Shares of AT&T Inc. (T) traded down $0.72 during mid-day trading on Wednesday, reaching $36.55. 33,055,300 shares of the company’s stock traded hands, compared to its average volume of 25,096,805. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $228,800.53, a price-to-earnings ratio of 12.72, a PEG ratio of 3.10 and a beta of 0.44. AT&T Inc. has a one year low of $32.55 and a one year high of $43.03.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now owns 3,100 shares in the company, valued at approximately $104,625. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.
A number of brokerages recently issued reports on T. Macquarie reissued a “buy” rating and issued a $43.00 price objective on shares of AT&T in a report on Friday, September 1st. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price objective for the company in a report on Thursday, September 28th. KeyCorp reissued a “hold” rating on shares of AT&T in a report on Wednesday, October 11th. Robert W. Baird dropped their price objective on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. 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’s stock. The company has a consensus rating of “Hold” and an average price target of $42.81.
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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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