AT&T Inc. (T) Shares Bought by Standard Life Investments LTD

Standard Life Investments LTD grew its stake in shares of AT&T Inc. (NYSE:T) by 952.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 559,899 shares of the technology company’s stock after buying an additional 506,718 shares during the period. Standard Life Investments LTD’s holdings in AT&T were worth $21,127,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Ullmann Financial Group Inc. bought a new stake in AT&T in the first quarter valued at about $101,000. Taylor Wealth Management Partners increased its stake in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares during the period. Almanack Investment Partners LLC. bought a new stake in AT&T in the first quarter valued at about $109,000. Sterling Investment Advisors Ltd. increased its stake in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,024 shares during the period. Finally, CKW Financial Group increased its stake in AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,724 shares during the period. 55.08% of the stock is owned by institutional investors and hedge funds.

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Several analysts have weighed in on T shares. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Wednesday. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $36.00 price objective on shares of AT&T in a research note on Friday, October 27th. Deutsche Bank AG decreased their price objective on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research note on Wednesday, October 25th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Finally, Robert W. Baird decreased their price objective on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.87.

In other AT&T news, Director Matthew K. Rose bought 29,600 shares of AT&T stock in a transaction on Wednesday, October 25th. The shares were purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

AT&T (NYSE:T) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date was Friday, October 6th. AT&T’s payout ratio is 94.69%.

About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

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