Sadoff Investment Management LLC Has $8.94 Million Position in AT&T Inc. (T)

Sadoff Investment Management LLC increased its position in AT&T Inc. (NYSE:T) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,252 shares of the technology company’s stock after acquiring an additional 7,225 shares during the quarter. Sadoff Investment Management LLC’s holdings in AT&T were worth $8,941,000 at the end of the most recent quarter.

A number of other institutional investors 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 worth $2,335,182,000 after acquiring an additional 12,709,982 shares in the last quarter. 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 worth $2,650,940,000 after acquiring an additional 11,990,755 shares in the last quarter. 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 worth $2,695,135,000 after acquiring an additional 10,082,798 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in AT&T in the 2nd quarter worth approximately $321,448,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in AT&T by 21.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 30,207,723 shares of the technology company’s stock valued at $969,970,000 after buying an additional 5,257,713 shares in the last quarter. 63.87% of the stock is owned by institutional investors.

NYSE T opened at $30.28 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. The company has a market cap of $188.04 billion, a PE ratio of 8.60, a PEG ratio of 1.32 and a beta of 0.54. AT&T Inc. has a one year low of $26.80 and a one year high of $37.59.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 30th. The technology company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. The firm had revenue of $47.99 billion during the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, sell-side analysts expect that AT&T Inc. will post 3.6 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Cowen increased their price objective on shares of AT&T from $34.00 to $36.00 in a report on Sunday, December 9th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and set a $31.82 price objective for the company in a report on Sunday, December 9th. Barclays set a $32.00 price objective on shares of AT&T and gave the company a “hold” rating in a report on Friday, January 18th. Citigroup raised shares of AT&T from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, December 11th. Finally, Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Monday, November 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.61.

In other news, CEO John T. Stankey sold 3,748 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by corporate insiders.

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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.

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

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