At&T INC (T) Position Has Upped by Texas Permanent School Fund

September 16, 2018 - By Nadine Davis

AT&T Inc. (NYSE:T) LogoInvestors sentiment increased to 2.31 in Q2 2018. Its up 1.39, from 0.92 in 2018Q1. It improved, as 56 investors sold T shares while 426 reduced holdings. 229 funds opened positions while 885 raised stakes. 3.64 billion shares or 18.17% more from 3.08 billion shares in 2018Q1 were reported. Amg Tru Bank & Trust reported 0.08% stake. Michigan-based Concorde Asset Ltd Limited Liability Company has invested 0.7% in AT&T Inc. (NYSE:T). Park Avenue Secs Ltd Limited Liability Company accumulated 77,839 shares or 0.44% of the stock. Spc Inc has 0.57% invested in AT&T Inc. (NYSE:T). Dupont Capital Mngmt holds 405,754 shares or 0.31% of its portfolio. Tru Co Of Oklahoma stated it has 0% of its portfolio in AT&T Inc. (NYSE:T). 11,508 are owned by Fagan Assoc. California-based Affinity Inv Advsrs Ltd Llc has invested 1.23% in AT&T Inc. (NYSE:T). 314,000 were reported by Goelzer Inv Mngmt. Wendell David Assoc reported 82,634 shares. Weik Capital Mngmt accumulated 0.38% or 24,044 shares. Sol Capital Co reported 79,784 shares. Utd Asset Strategies Inc invested in 51,260 shares or 0.43% of the stock. Massachusetts-based Baupost Gru Llc Ma has invested 2.66% in AT&T Inc. (NYSE:T). St Germain D J Inc holds 0.43% or 113,617 shares in its portfolio.

Texas Permanent School Fund increased its stake in At&T Inc (T) by 11.7% based on its latest 2018Q2 regulatory filing with the SEC. Texas Permanent School Fund bought 185,569 shares as the company’s stock rose 3.72% with the market. The institutional investor held 1.77 million shares of the telecommunications equipment company at the end of 2018Q2, valued at $56.90M, up from 1.59 million at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in At&T Inc for a number of months, seems to be bullish on the $244.00B market cap company. The stock decreased 0.24% or $0.08 during the last trading session, reaching $33.6. About 33.18M shares traded. AT&T Inc. (NYSE:T) has declined 7.83% since September 16, 2017 and is downtrending. It has underperformed by 23.45% the S&P500.

Texas Permanent School Fund, which manages about $7.32B US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 42,067 shares to 369,813 shares, valued at $34.26 million in 2018Q2, according to the filing. It also reduced its holding in Alphabet Inc by 4,244 shares in the quarter, leaving it with 72,881 shares, and cut its stake in Hollyfrontier Corp (NYSE:HFC).

More notable recent AT&T Inc. (NYSE:T) news were published by: Fool.com which released: “3 Dividend Stocks That Pay You More Than AT&T Does” on September 14, 2018, also Seekingalpha.com with their article: “To T Or Not To T, That Is No Longer The Question” published on September 14, 2018, Seekingalpha.com published: “AT&T With A 6% Yield Is A Very Strong Buy” on September 12, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: 247Wallst.com and their article: “6 Most Important Things in Business Today” published on September 13, 2018 as well as Seekingalpha.com‘s news article titled: “Is AT&T Really A Strong Buy Here?” with publication date: August 24, 2018.

AT&T Inc. (NYSE:T) Ratings Coverage

Among 16 analysts covering AT\u0026T (NYSE:T), 4 have Buy rating, 2 Sell and 10 Hold. Therefore 25% are positive. AT\u0026T had 19 analyst reports since March 23, 2018 according to SRatingsIntel. As per Thursday, April 26, the company rating was maintained by UBS. The company was upgraded on Wednesday, March 28 by HSBC. The stock has “Hold” rating by J.P. Morgan on Tuesday, June 19. The rating was maintained by Scotia Capital on Friday, April 20 with “Hold”. The firm has “Market Perform” rating given on Wednesday, August 22 by Wells Fargo. Jefferies downgraded AT&T Inc. (NYSE:T) on Thursday, June 7 to “Hold” rating. Deutsche Bank maintained AT&T Inc. (NYSE:T) on Tuesday, May 1 with “Hold” rating. Moffett Nathanson downgraded the shares of T in report on Wednesday, June 13 to “Sell” rating. The rating was maintained by Raymond James with “Outperform” on Thursday, April 26. JP Morgan maintained the stock with “Neutral” rating in Tuesday, June 19 report.

AT&T Inc. (NYSE:T) Ratings Chart

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