Today The Lockheed Martin Investment Management Co. Purchases New Stake in AT&T Inc. (T)

Today The Lockheed Martin Investment Management Co. Purchases New Stake in AT&T Inc. (T)

Lockheed Martin Investment Management Co. purchased a new stake in shares of AT&T Inc. (NYSE:T) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 50,000 shares of the company’s stock, valued at approximately $2,030,000.

Other large investors also recently bought and sold shares of the company. First National Bank of Omaha raised its position in shares of AT&T by 4.7% in the second quarter. First National Bank of Omaha now owns 239,346 shares of the company’s stock valued at $10,343,000 after buying an additional 10,808 shares during the last quarter. Strategic Advisors LLC raised its position in AT&T by 6.6% in the second quarter. Strategic Advisors LLC now owns 77,134 shares of the company’s stock valued at $3,333,000 after buying an additional 4,771 shares in the last quarter. Eagle Asset Management Inc. raised its position in AT&T by 2.8% in the second quarter. Eagle Asset Management Inc. now owns 3,691,873 shares of the company’s stock valued at $159,525,000 after buying an additional 100,535 shares in the last quarter. Vigilant Capital Management LLC raised its position in AT&T by 13.2% in the second quarter. Vigilant Capital Management LLC now owns 10,081 shares of the company’s stock valued at $436,000 after buying an additional 1,172 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services raised its position in AT&T by 4.0% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 27,317 shares of the company’s stock valued at $1,180,000 after buying an additional 1,049 shares in the last quarter. 53.86% of the stock is owned by hedge funds and other institutional investors.

Shares of AT&T Inc. (NYSE:T) traded up 0.036% during midday trading on Wednesday, hitting $41.375. The stock had a trading volume of 10,729,934 shares. AT&T Inc. has a one year low of $34.90 and a one year high of $43.89. The firm has a 50 day moving average of $41.57 and a 200-day moving average of $40.48. The company has a market cap of $254.08 billion, a P/E ratio of 17.599 and a beta of 0.37.

A number of research firms recently issued reports on T. Citigroup Inc. reiterated a “buy” rating and issued a $55.00 target price on shares of AT&T in a report on Monday, October 24th. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $41.10 target price for the company. in a report on Thursday, December 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 target price on shares of AT&T in a report on Tuesday, October 11th. Barclays PLC lowered AT&T from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $45.00 to $39.00 in a report on Wednesday, October 26th. Finally, William Blair reiterated a “market perform” rating on shares of AT&T in a report on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $43.53.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

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