AT&T Inc. (NYSE:T) Shares Bought by Amalgamated Bank

Amalgamated Bank raised its position in AT&T Inc. (NYSE:T) by 9.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 775,685 shares of the technology company’s stock after buying an additional 69,010 shares during the period. AT&T comprises approximately 0.8% of Amalgamated Bank’s holdings, making the stock its 13th largest holding. Amalgamated Bank’s holdings in AT&T were worth $30,159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of AT&T by 0.5% in the 4th quarter. BlackRock Inc. now owns 376,817,093 shares of the technology company’s stock worth $14,650,651,000 after purchasing an additional 2,043,472 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AT&T by 5.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,356,308 shares of the technology company’s stock worth $2,677,458,000 after purchasing an additional 3,500,299 shares during the last quarter. Legal & General Group Plc boosted its position in shares of AT&T by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 38,861,378 shares of the technology company’s stock worth $1,522,111,000 after purchasing an additional 1,406,265 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of AT&T by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 24,972,250 shares of the technology company’s stock worth $970,676,000 after purchasing an additional 937,029 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of AT&T by 37.7% in the 3rd quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock worth $905,538,000 after purchasing an additional 6,330,819 shares during the last quarter. Hedge funds and other institutional investors own 54.95% of the company’s stock.

Shares of T traded up $0.30 during midday trading on Thursday, hitting $32.52. The stock had a trading volume of 87,363,429 shares, compared to its average volume of 31,643,885. AT&T Inc. has a twelve month low of $31.17 and a twelve month high of $39.80. The company has a market capitalization of $209.83 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 2.94 and a beta of 0.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.11 and a quick ratio of 1.11.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.02). The firm had revenue of $38.04 billion during the quarter, compared to analyst estimates of $39.36 billion. AT&T had a net margin of 19.25% and a return on equity of 14.46%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. sell-side analysts anticipate that AT&T Inc. will post 3.4 earnings per share for the current fiscal year.

Several research firms have recently issued reports on T. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research report on Wednesday. UBS Group upgraded AT&T from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Moffett Nathanson lowered AT&T from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $35.00 to $28.00 in a research report on Wednesday. Jefferies Financial Group lowered AT&T from a “buy” rating to a “hold” rating and reduced their price target for the stock from $39.80 to $31.17 in a research report on Thursday, June 7th. Finally, ValuEngine lowered AT&T from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. AT&T has a consensus rating of “Hold” and a consensus target price of $40.26.

AT&T Company 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.

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

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