Texas Permanent School Fund Has Boosted Position in At&T INC (T) by $5.94 Million as Valuation Rose

September 16, 2018 - By Mark Mitchell

AT&T Inc. (NYSE:T) LogoInvestors sentiment increased to 2.31 in 2018 Q2. Its up 1.39, from 0.92 in 2018Q1. It is positive, 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. Envestnet Asset Mngmt stated it has 526,253 shares or 0.04% of all its holdings. Synovus Fin Corp reported 1.13M shares or 0.61% of all its holdings. Raymond James Assocs accumulated 13.06 million shares or 0.71% of the stock. Albion Fin Ut holds 0.46% or 100,276 shares in its portfolio. Moreover, Lafayette Investments has 0.12% invested in AT&T Inc. (NYSE:T) for 9,997 shares. Matrix Asset New York has 234,910 shares for 1.24% of their portfolio. Camelot Portfolios Ltd reported 0.15% stake. Cape Ann Comml Bank holds 1.14% of its portfolio in AT&T Inc. (NYSE:T) for 29,200 shares. Birmingham Al stated it has 55,315 shares. Sequoia Fincl Advisors Lc holds 0.16% or 47,608 shares. Davidson Kempner Capital Management LP holds 55,151 shares or 0.04% of its portfolio. Hbk Invs LP has invested 0.05% of its portfolio in AT&T Inc. (NYSE:T). Of Virginia Limited Liability Corp reported 193,260 shares stake. Headinvest Limited Liability Company holds 25,794 shares. Holderness Investments holds 1.51% or 96,414 shares.

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 33.18 million 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 Hollyfrontier Corp (NYSE:HFC) by 74,336 shares to 43,080 shares, valued at $2.95M in 2018Q2, according to the filing. It also reduced its holding in Dr Pepper Snapple Group Inc (NYSE:DPS) by 37,042 shares in the quarter, leaving it with 9,400 shares, and cut its stake in Bank Amer Corp (NYSE:BAC).

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “Why I Don’t Hate AT&T” on September 05, 2018, also Seekingalpha.com with their article: “How Safe Is AT&T’s Dividend?” published on September 10, 2018, Seekingalpha.com published: “To T Or Not To T, That Is No Longer The Question” on September 14, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “I Hate AT&T” published on September 02, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T: Do Or Die Time” with publication date: August 23, 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. Jefferies downgraded AT&T Inc. (NYSE:T) on Thursday, June 7 to “Hold” rating. As per Friday, April 20, the company rating was maintained by Scotia Capital. On Thursday, April 26 the stock rating was downgraded by Hilliard Lyons to “Neutral”. Bank of America upgraded the stock to “Buy” rating in Monday, July 30 report. The stock of AT&T Inc. (NYSE:T) earned “Market Perform” rating by Wells Fargo on Wednesday, August 22. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, September 4 report. The firm has “Neutral” rating given on Thursday, April 26 by UBS. The company was downgraded on Tuesday, June 19 by J.P. Morgan. The company was upgraded on Wednesday, March 28 by HSBC. The firm earned “Overweight” rating on Wednesday, June 27 by Morgan Stanley.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.