Round Table Services LLC Has $537,000 Stake in AT&T Inc. (T)

Round Table Services LLC lowered its position in AT&T Inc. (NYSE:T) by 38.6% during the second quarter, Holdings Channel reports. The institutional investor owned 16,723 shares of the technology company’s stock after selling 10,514 shares during the quarter. Round Table Services LLC’s holdings in AT&T were worth $537,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Ironsides Asset Advisors LLC grew its position in AT&T by 450.8% during the 2nd quarter. Ironsides Asset Advisors LLC now owns 54,043 shares of the technology company’s stock worth $1,735,000 after purchasing an additional 44,231 shares during the last quarter. Guardian Investment Management grew its position in AT&T by 8.4% during the 2nd quarter. Guardian Investment Management now owns 143,209 shares of the technology company’s stock worth $4,598,000 after purchasing an additional 11,054 shares during the last quarter. Rowland & Co. Investment Counsel ADV grew its position in AT&T by 1.6% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 131,746 shares of the technology company’s stock worth $4,226,000 after purchasing an additional 2,131 shares during the last quarter. TRUE Private Wealth Advisors lifted its stake in AT&T by 30.3% during the 2nd quarter. TRUE Private Wealth Advisors now owns 52,786 shares of the technology company’s stock valued at $1,694,000 after acquiring an additional 12,275 shares during the period. Finally, Baker Avenue Asset Management LP lifted its stake in AT&T by 35.3% during the 1st quarter. Baker Avenue Asset Management LP now owns 28,820 shares of the technology company’s stock valued at $1,027,000 after acquiring an additional 7,520 shares during the period. 64.72% of the stock is currently owned by hedge funds and other institutional investors.

T opened at $33.60 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. AT&T Inc. has a 1 year low of $30.13 and a 1 year high of $39.80. The firm has a market capitalization of $205.17 billion, a P/E ratio of 11.02, a PEG ratio of 2.65 and a beta of 0.40.

AT&T (NYSE:T) last posted its earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The firm had revenue of $38.99 billion during the quarter, compared to analysts’ expectations of $38.45 billion. During the same period in the previous year, the business posted $0.79 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. equities research analysts forecast that AT&T Inc. will post 3.53 earnings per share for the current fiscal year.

Several analysts have commented on the stock. Raymond James cut shares of AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price objective for the company. in a research note on Friday, July 13th. Moffett Nathanson cut shares of AT&T from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $35.00 to $28.00 in a research note on Wednesday, June 13th. Macquarie restated a “buy” rating and set a $40.00 price objective on shares of AT&T in a research note on Wednesday, May 30th. Bank of America restated a “buy” rating on shares of AT&T in a research note on Tuesday, August 21st. Finally, Scotiabank set a $33.00 price objective on shares of AT&T and gave the company a “hold” rating in a research note on Monday, July 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.02.

In related news, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of AT&T stock in a transaction on Wednesday, August 8th. The stock was bought at an average cost of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the transaction, the director now owns 31,405 shares of the company’s stock, valued at approximately $1,020,034.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew K. Rose acquired 65,500 shares of AT&T stock in a transaction on Thursday, July 26th. The shares were bought at an average price of $30.51 per share, with a total value of $1,998,405.00. Following the completion of the transaction, the director now directly owns 81,319 shares of the company’s stock, valued at approximately $2,481,042.69. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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