AT&T Inc. (T) Holdings Boosted by Waldron Private Wealth LLC
Waldron Private Wealth LLC raised its position in AT&T Inc. (NYSE:T) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 97,153 shares of the technology company’s stock after buying an additional 4,487 shares during the quarter. AT&T comprises about 0.6% of Waldron Private Wealth LLC’s portfolio, making the stock its 22nd largest holding. Waldron Private Wealth LLC’s holdings in AT&T were worth $3,262,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in T. Bank of New York Mellon Corp increased its holdings in AT&T by 21.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,724,434 shares of the technology company’s stock valued at $2,335,182,000 after buying an additional 12,709,982 shares during the period. Dimensional Fund Advisors LP increased its holdings in AT&T by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 82,556,205 shares of the technology company’s stock valued at $2,650,940,000 after buying an additional 11,990,755 shares during the period. Northern Trust Corp increased its holdings in AT&T by 13.7% in the 2nd quarter. Northern Trust Corp now owns 83,934,430 shares of the technology company’s stock valued at $2,695,135,000 after buying an additional 10,082,798 shares during the period. Charles Schwab Investment Advisory Inc. bought a new position in AT&T in the 2nd quarter valued at about $321,448,000. Finally, Swiss National Bank increased its holdings in AT&T by 22.4% in the 2nd quarter. Swiss National Bank now owns 26,545,263 shares of the technology company’s stock valued at $852,368,000 after buying an additional 4,853,805 shares during the period. 63.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AT&T stock opened at $30.67 on Friday. The company has a market cap of $188.28 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.29 and a beta of 0.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.80 and a current ratio of 0.80. AT&T Inc. has a 1 year low of $26.80 and a 1 year high of $37.34.
In related news, CEO John T. Stankey sold 3,748 shares of AT&T stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $29.84, for a total transaction of $111,840.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.
T has been the topic of several recent analyst reports. Cowen raised their target price on shares of AT&T from $34.00 to $36.00 in a report on Sunday, December 9th. Bank of America set a $37.00 target price on shares of AT&T and gave the company a “buy” rating in a report on Monday, November 19th. Citigroup raised shares of AT&T from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, December 11th. Barclays set a $32.00 target price on shares of AT&T and gave the company a “hold” rating in a report on Friday, January 18th. Finally, Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Monday, November 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.71.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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