WealthTrust Fairport LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 31.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,059 shares of the technology company’s stock after selling 4,236 shares during the period. WealthTrust Fairport LLC’s holdings in AT&T were worth $323,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Bank of The Ozarks raised its stake in shares of AT&T by 29.8% in the fourth quarter. Bank of The Ozarks now owns 189,911 shares of the technology company’s stock valued at $7,384,000 after acquiring an additional 43,587 shares during the period. Ironwood Investment Counsel LLC raised its stake in shares of AT&T by 5.1% in the fourth quarter. Ironwood Investment Counsel LLC now owns 30,435 shares of the technology company’s stock valued at $1,183,000 after acquiring an additional 1,474 shares during the period. Jacobi Capital Management LLC raised its stake in shares of AT&T by 8.6% in the fourth quarter. Jacobi Capital Management LLC now owns 25,860 shares of the technology company’s stock valued at $989,000 after acquiring an additional 2,057 shares during the period. NorthCoast Asset Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $566,000. Finally, Stoneridge Investment Partners LLC raised its stake in shares of AT&T by 2.3% in the fourth quarter. Stoneridge Investment Partners LLC now owns 182,980 shares of the technology company’s stock valued at $7,114,000 after acquiring an additional 4,075 shares during the period. 64.72% of the stock is currently owned by hedge funds and other institutional investors.

T traded down $0.08 during trading on Friday, reaching $33.60. 32,723,321 shares of the company’s stock were exchanged, compared to its average volume of 25,446,042. AT&T Inc. has a 1 year low of $30.13 and a 1 year high of $39.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $205.17 billion, a PE ratio of 11.02, a P/E/G ratio of 2.65 and a beta of 0.40.

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

Several research analysts recently commented on the stock. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Macquarie reaffirmed a “buy” rating and issued a $35.00 price target on shares of AT&T in a research note on Wednesday. Bank of America reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, August 21st. Wells Fargo & Co downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $40.00 price target on the stock. in a research note on Wednesday, August 22nd. Finally, Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, July 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $38.02.

In other news, Director Piazza Samuel A. Jr. Di bought 7,690 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was purchased at an average cost of $32.48 per share, with a total value of $249,771.20. Following the acquisition, the director now directly owns 31,405 shares in the company, valued at $1,020,034.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew K. Rose purchased 65,500 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was bought at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the purchase, the director now directly owns 81,319 shares in the company, valued at approximately $2,481,042.69. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

About AT&T

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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