Dixon Hubard Feinour & Brown Inc. VA Has $2.67 Million Stake in AT&T Inc. (T)

Dixon Hubard Feinour & Brown Inc. VA trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,270 shares of the technology company’s stock after selling 3,425 shares during the quarter. Dixon Hubard Feinour & Brown Inc. VA’s holdings in AT&T were worth $2,674,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Vanguard Group Inc. increased its holdings in AT&T by 2.2% in the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after buying an additional 9,053,649 shares during the last quarter. Janus Henderson Group PLC increased its holdings in AT&T by 6,188.8% in the second quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after buying an additional 6,790,430 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in AT&T by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after buying an additional 5,619,434 shares during the last quarter. BlackRock Inc. increased its holdings in AT&T by 1.1% in the second quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after buying an additional 4,104,136 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in AT&T by 31.4% in the second quarter. Parametric Portfolio Associates LLC now owns 15,881,088 shares of the technology company’s stock valued at $599,193,000 after buying an additional 3,798,090 shares during the last quarter. 55.49% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. SunTrust Banks boosted their price objective on AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Argus reissued a “buy” rating and issued a $36.83 price objective (down from $48.00) on shares of AT&T in a report on Wednesday. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Oppenheimer reissued a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $51.00 price objective on shares of AT&T in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. AT&T currently has an average rating of “Hold” and a consensus target price of $41.90.

AT&T Inc. (NYSE T) opened at $36.93 on Thursday. The company has a current ratio of 0.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $226,710.00, a P/E ratio of 7.69, a PEG ratio of 2.53 and a beta of 0.37. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. The business had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. research analysts anticipate that AT&T Inc. will post 3.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. AT&T’s payout ratio is currently 41.67%.

In other news, Director Richard W. Fisher bought 2,600 shares of the business’s stock in a transaction on Monday, February 5th. The stock was purchased at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the completion of the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

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AT&T Company 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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