LaFleur & Godfrey LLC Raises Position in AT&T Inc. (NYSE:T)

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LaFleur & Godfrey LLC raised its stake in AT&T Inc. (NYSE:T) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,652 shares of the technology company’s stock after purchasing an additional 3,078 shares during the quarter. LaFleur & Godfrey LLC’s holdings in AT&T were worth $2,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of T. Grimes & Company Inc. grew its holdings in AT&T by 0.9% during the second quarter. Grimes & Company Inc. now owns 33,782 shares of the technology company’s stock valued at $1,132,000 after purchasing an additional 294 shares during the period. Interactive Financial Advisors grew its holdings in AT&T by 16.7% during the second quarter. Interactive Financial Advisors now owns 2,100 shares of the technology company’s stock valued at $70,000 after purchasing an additional 300 shares during the period. Berkshire Money Management Inc. grew its holdings in AT&T by 3.2% during the second quarter. Berkshire Money Management Inc. now owns 9,891 shares of the technology company’s stock valued at $331,000 after purchasing an additional 305 shares during the period. Oxbow Advisors LLC grew its holdings in AT&T by 0.4% during the second quarter. Oxbow Advisors LLC now owns 86,471 shares of the technology company’s stock valued at $2,898,000 after purchasing an additional 305 shares during the period. Finally, Lenox Wealth Management Inc. grew its holdings in AT&T by 6.0% during the second quarter. Lenox Wealth Management Inc. now owns 5,409 shares of the technology company’s stock valued at $181,000 after purchasing an additional 308 shares during the period. 53.04% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:T opened at $37.91 on Friday. The stock’s 50-day moving average price is $35.45 and its 200-day moving average price is $32.82. AT&T Inc. has a 12-month low of $26.80 and a 12-month high of $38.75. The stock has a market capitalization of $268.61 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.89 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.89. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The firm had revenue of $44.96 billion for the quarter, compared to analysts’ expectations of $44.97 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, research analysts predict that AT&T Inc. will post 3.57 EPS for the current year.

Several equities research analysts have issued reports on T shares. Citigroup increased their target price on AT&T from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Bank of America restated a “buy” rating on shares of AT&T in a research report on Monday, September 9th. Raymond James increased their target price on AT&T from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley set a $37.00 target price on AT&T and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Barclays increased their target price on AT&T from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. AT&T has an average rating of “Buy” and an average price target of $38.03.

In related news, CEO John T. Stankey sold 4,024 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total value of $137,419.60. Following the sale, the chief executive officer now directly owns 2,366 shares of the company’s stock, valued at $80,798.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.

About AT&T

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

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