AT&T Inc. (T) Shares Sold by AT Bancorp

AT Bancorp cut its stake in shares of AT&T Inc. (NYSE:T) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,695 shares of the technology company’s stock after selling 2,785 shares during the quarter. AT&T makes up about 0.4% of AT Bancorp’s portfolio, making the stock its 29th largest position. AT Bancorp’s holdings in AT&T were worth $3,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Abner Herrman & Brock LLC lifted its stake in shares of AT&T by 6.8% in the first quarter. Abner Herrman & Brock LLC now owns 40,415 shares of the technology company’s stock valued at $1,679,000 after buying an additional 2,580 shares in the last quarter. Wagner Bowman Management Corp lifted its stake in shares of AT&T by 2.9% in the first quarter. Wagner Bowman Management Corp now owns 52,280 shares of the technology company’s stock valued at $2,172,000 after buying an additional 1,451 shares in the last quarter. Diversified Trust Co lifted its stake in shares of AT&T by 1.0% in the first quarter. Diversified Trust Co now owns 37,552 shares of the technology company’s stock valued at $1,560,000 after buying an additional 375 shares in the last quarter. Naples Global Advisors LLC lifted its stake in shares of AT&T by 1.0% in the first quarter. Naples Global Advisors LLC now owns 65,740 shares of the technology company’s stock valued at $2,732,000 after buying an additional 632 shares in the last quarter. Finally, V Wealth Management LLC lifted its stake in shares of AT&T by 8.9% in the first quarter. V Wealth Management LLC now owns 49,945 shares of the technology company’s stock valued at $2,071,000 after buying an additional 4,061 shares in the last quarter. 55.08% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price objective on the stock. in a research note on Friday, October 6th. Morgan Stanley raised their price objective on shares of AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. BidaskClub raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of AT&T in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.87.

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In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of AT&T stock in a transaction dated Wednesday, October 25th. The stock was purchased at an average price of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.09% of the stock is owned by corporate insiders.

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

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

AT&T Profile

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.

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

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