Second Line Capital LLC Has $614,000 Holdings in AT&T Inc. (NYSE:T)

Second Line Capital LLC boosted its stake in AT&T Inc. (NYSE:T) by 41.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,115 shares of the technology company’s stock after purchasing an additional 9,344 shares during the period. Second Line Capital LLC’s holdings in AT&T were worth $614,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Riggs Asset Managment Co. Inc. raised its holdings in AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,116 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter worth $25,000. Frank Rimerman Advisors LLC bought a new position in AT&T during the fourth quarter worth $25,000. American Capital Advisory LLC lifted its holdings in AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after buying an additional 807 shares during the period. Finally, Altshuler Shaham Ltd bought a new stake in AT&T during the second quarter valued at $30,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 1.2 %

T stock opened at $21.90 on Monday. The stock has a fifty day moving average of $20.15 and a 200-day moving average of $18.51. AT&T Inc. has a fifty-two week low of $14.12 and a fifty-two week high of $22.34. The company has a market capitalization of $157.03 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 3.68 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $29.80 billion during the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. During the same quarter last year, the business earned $0.63 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities research analysts predict that AT&T Inc. will post 2.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Redburn Atlantic raised AT&T to a “strong sell” rating in a research note on Monday, September 16th. UBS Group restated a “buy” rating and set a $24.00 price target on shares of AT&T in a report on Tuesday, June 18th. Daiwa America upgraded shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Finally, Oppenheimer boosted their target price on shares of AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Hold” and an average price target of $22.38.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.