AT&T Inc. (NYSE:T) has made a 27.43% comeback from a 12-month low price of $26.8. It was seen 1.01% higher, changing the price to $34.15, when the closing bell rang on 7/26/2019. At a recent session, the prices were hovering between $33.59 and $34.23. This company shares are 0.91% off its target price of $34.46 and the current market capitalization stands at $249.74B. The recent change has given its price a 4.75% lead over SMA 50 and -0.64% deficit over its 52-week high. The stock witnessed 4.98% gains, 11.31% gains and 11.38% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found T’s volatility during a week at 2.29% and during a month it has been found around 1.41%.
What Does AT&T Inc. (T) Do?
The company describes itself in regulatory filings as, “AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following four segments: Communications, Warner Media, Latin America and Xandar. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The Warner Media segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/T/profile under company description.]AT&T Inc. (T) Top Holders
Institutional investors currently hold around $134.63 billion or 55.2% in T stock. Look at its top three institutional owners: Vanguard Group Inc owns $19.01 billion in AT&T Inc., which represents roughly 7.61% of the company’s market cap and approximately 14.12% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 452,997,498 shares of the stock are valued at $15.47 billion. The third largest holder is State Street Corp, which currently holds $10.14 billion worth of this stock and that ownership represents nearly 4.06% of its market capitalization.AT&T Inc. 13F Filings
At the end of March reporting period, 1,229 institutional holders increased their position in AT&T Inc. (NYSE:T) by some 151,603,559 shares, 1,015 decreased positions by 178,016,439 and 177 held positions by 3,613,000,000. That puts total institutional holdings at 3,942,000,000 shares, according to SEC filings. The stock grabbed 94 new institutional investments totaling 15,525,172 shares while 113 institutional investors sold out their entire positions totaling 19,440,906 shares.AT&T Inc. (NYSE:T) Insider Trades
Multiple company employees have indulged in significant insider trading. AT&T Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director MCCALLISTER MICHAEL B has acquired 7,000 shares of AT&T Inc. (T) in the trading session dated Feb. 05, 2019. These shares are worth $207,130 and were traded at $29.59 each. The SEC filing shows that YANG GEOFFREY Y performed a purchase of 33,558 shares. The Director added these shares by way of transaction on Feb. 04, 2019. The company’s shares were assimilated at $29.79 per share worth to an investment of some $999,693 to the account of YANG GEOFFREY Y.
CEO, Warner Media, LLC, STANKEY JOHN T, sold 3,748 common shares of AT&T Inc. (T) in the open market. In a transaction dated Jan. 31, 2019, the shares were put up for sale at an average price of $29.84, raking in a sum of $111,840. After this sale, 683,714 common shares of T are directly owned by the insider, with total stake valued at $23,348,818.
In the transaction dated Oct. 26, 2018, a great number of shares acquired came courtesy the Director; MCCALLISTER MICHAEL B added a total of 4,000 shares at an average price of $29.14, amounting to approximately $116,560. The insider now directly owns 40,651 shares worth $1,388,232.AT&T Inc. (T) Analyst Guide
Several analysts have released their opinion on AT&T Inc. (NYSE:T), with 9 analysts believing it is a strong buy. Whereas 12 of them predict the stock is a hold. Also, there are 4 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.19 average brokerage recommendation [T1].