AT&T Inc. (T) Shares Bought by Edmp Inc.

Edmp Inc. boosted its stake in AT&T Inc. (NYSE:T) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,076 shares of the technology company’s stock after buying an additional 470 shares during the period. AT&T comprises 2.6% of Edmp Inc.’s holdings, making the stock its 16th largest position. Edmp Inc.’s holdings in AT&T were worth $2,912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elgethun Capital Management purchased a new position in shares of AT&T during the fourth quarter valued at $100,000. Massey Quick & Co. LLC purchased a new position in shares of AT&T during the fourth quarter valued at $102,000. Empirical Finance LLC purchased a new position in shares of AT&T during the fourth quarter valued at $116,000. Cascade Investment Advisors Inc. purchased a new position in shares of AT&T during the fourth quarter valued at $162,000. Finally, New Capital Management LP purchased a new position in shares of AT&T during the fourth quarter valued at $176,000. 55.37% of the stock is owned by institutional investors and hedge funds.

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

AT&T Inc. (NYSE T) opened at 38.96 on Friday. The company’s 50-day moving average price is $38.54 and its 200 day moving average price is $40.62. AT&T Inc. has a 52-week low of $36.10 and a 52-week high of $43.89. The firm has a market capitalization of $239.53 billion, a price-to-earnings ratio of 19.05 and a beta of 0.48.

AT&T (NYSE:T) last released its earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.74. The firm had revenue of $39.40 billion for the quarter, compared to analyst estimates of $40.50 billion. AT&T had a return on equity of 14.22% and a net margin of 7.77%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Equities research analysts predict that AT&T Inc. will post $2.90 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.wkrb13.com/markets/2229525/att-inc-t-shares-bought-by-edmp-inc.html.

Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Drexel Hamilton reissued a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $39.93 target price for the company. in a research note on Tuesday, May 30th. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada set a $42.00 target price on shares of AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Twenty analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. AT&T currently has a consensus rating of “Hold” and a consensus price target of $44.16.

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.

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).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229525/att-inc-t-shares-bought-by-edmp-inc.html

Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.