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

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Round Table Services LLC lessened its position in AT&T Inc. (NYSE:T) by 38.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in T. BlackRock Inc. lifted its holdings in shares of AT&T by 2.8% in the 1st quarter. BlackRock Inc. now owns 387,352,856 shares of the technology company’s stock worth $13,809,130,000 after acquiring an additional 10,535,763 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in AT&T by 202.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 13,775,075 shares of the technology company’s stock valued at $535,574,000 after buying an additional 9,225,075 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in AT&T by 53.3% during the 4th quarter. Lazard Asset Management LLC now owns 21,916,005 shares of the technology company’s stock valued at $852,092,000 after buying an additional 7,619,113 shares in the last quarter. Boston Partners bought a new stake in AT&T during the 1st quarter valued at about $162,658,000. Finally, Prudential Financial Inc. lifted its holdings in AT&T by 37.6% during the 1st quarter. Prudential Financial Inc. now owns 15,978,233 shares of the technology company’s stock valued at $569,624,000 after buying an additional 4,366,723 shares in the last quarter. Hedge funds and other institutional investors own 64.72% of the company’s stock.

NYSE:T opened at $33.60 on Friday. AT&T Inc. has a one year low of $30.13 and a one year high of $39.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $205.17 billion, a PE ratio of 11.02, a price-to-earnings-growth 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 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 business had revenue of $38.99 billion during the quarter, compared to analyst estimates of $38.45 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. research analysts forecast that AT&T Inc. will post 3.53 earnings per share for the current year.

In other AT&T news, Director Matthew K. Rose purchased 65,500 shares of AT&T stock in a transaction dated Thursday, July 26th. The stock was acquired at an average price of $30.51 per share, for a total transaction of $1,998,405.00. Following the acquisition, the director now owns 81,319 shares in the company, valued at approximately $2,481,042.69. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Piazza Samuel A. Jr. Di acquired 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, for a total transaction of $249,771.20. Following the transaction, the director now owns 31,405 shares in the company, valued at $1,020,034.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

A number of brokerages recently weighed in on T. Jefferies Financial Group lowered shares of AT&T from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.80 to $31.17 in a report on Thursday, June 7th. Credit Suisse Group began coverage on shares of AT&T in a report on Tuesday, July 10th. They set an “underperform” rating and a $29.00 price objective for the company. Bank of America reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 21st. Scotiabank set a $33.00 price objective on shares of AT&T and gave the company a “hold” rating in a report on Monday, July 23rd. Finally, UBS Group upgraded shares of AT&T from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 13th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. AT&T has an average rating of “Hold” and a consensus price target of $38.02.

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.

Further Reading: Investing in Growth Stocks

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

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