AT&T Inc. (T) Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its stake in shares of AT&T Inc. (NYSE:T) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 858,271 shares of the technology company’s stock after purchasing an additional 1,686 shares during the quarter. AT&T accounts for about 1.1% of Cullen Frost Bankers Inc.’s holdings, making the stock its 17th biggest holding. Cullen Frost Bankers Inc.’s holdings in AT&T were worth $33,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. One Capital Management LLC raised its stake in shares of AT&T by 4.4% during the third quarter. One Capital Management LLC now owns 60,071 shares of the technology company’s stock worth $2,353,000 after acquiring an additional 2,558 shares in the last quarter. Trillium Asset Management LLC purchased a new position in shares of AT&T during the third quarter worth approximately $275,000. Private Vista LLC raised its stake in shares of AT&T by 16.7% during the third quarter. Private Vista LLC now owns 39,526 shares of the technology company’s stock worth $1,549,000 after acquiring an additional 5,666 shares in the last quarter. PARK CIRCLE Co raised its stake in shares of AT&T by 35.2% during the third quarter. PARK CIRCLE Co now owns 98,525 shares of the technology company’s stock worth $3,859,000 after acquiring an additional 25,650 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC raised its stake in shares of AT&T by 62.0% during the third quarter. Klingenstein Fields & Co. LLC now owns 156,652 shares of the technology company’s stock worth $6,136,000 after acquiring an additional 59,955 shares in the last quarter. Institutional investors and hedge funds own 55.76% of the company’s stock.

In related news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

T has been the topic of several analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $36.38 target price (down from $48.00) on shares of AT&T in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Vetr downgraded shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price on the stock. in a research note on Tuesday, September 26th. Deutsche Bank decreased their target price 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. Finally, Moffett Nathanson reaffirmed a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the stock. AT&T presently has a consensus rating of “Hold” and a consensus target price of $42.59.

Shares of AT&T Inc. (T) opened at $36.72 on Wednesday. The firm has a market cap of $225,420.00, a price-to-earnings ratio of 17.65, a P/E/G ratio of 2.97 and a beta of 0.44. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $42.70. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23.

AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. equities analysts expect that AT&T Inc. will post 2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.00 annualized dividend and a yield of 5.45%. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is 96.15%.

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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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