Headinvest LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 4.1% during the first quarter, Holdings Channel reports. The fund owned 27,995 shares of the technology company’s stock after buying an additional 1,113 shares during the period. Headinvest LLC’s holdings in AT&T were worth $1,163,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Founders Capital Management LLC raised its stake in shares of AT&T by 1.1% in the first quarter. Founders Capital Management LLC now owns 232,258 shares of the technology company’s stock worth $9,650,000 after buying an additional 2,530 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of AT&T by 183.5% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 14,074 shares of the technology company’s stock worth $585,000 after buying an additional 9,109 shares during the last quarter. REDW Stanley Financial Advisors LLC raised its stake in shares of AT&T by 1.3% in the first quarter. REDW Stanley Financial Advisors LLC now owns 11,545 shares of the technology company’s stock worth $480,000 after buying an additional 145 shares during the last quarter. Harwood Advisory Group LLC raised its stake in shares of AT&T by 3.4% in the first quarter. Harwood Advisory Group LLC now owns 20,016 shares of the technology company’s stock worth $832,000 after buying an additional 660 shares during the last quarter. Finally, Foster & Motley Inc. raised its stake in shares of AT&T by 4.6% in the first quarter. Foster & Motley Inc. now owns 58,194 shares of the technology company’s stock worth $2,418,000 after buying an additional 2,545 shares during the last quarter. Institutional investors and hedge funds own 55.34% of the company’s stock.

Shares of AT&T Inc. (T) opened at 36.39 on Tuesday. AT&T Inc. has a 1-year low of $36.10 and a 1-year high of $43.50. The stock has a 50 day moving average of $38.41 and a 200 day moving average of $40.54. The firm has a market cap of $223.73 billion, a PE ratio of 17.79 and a beta of 0.47.

AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $39.40 billion during the quarter, compared to analyst estimates of $40.50 billion. AT&T had a net margin of 7.77% and a return on equity of 14.22%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Equities research analysts anticipate that AT&T Inc. will post $2.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be given a $0.49 dividend. The ex-dividend date is Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.39%. AT&T’s dividend payout ratio is presently 96.08%.

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A number of equities research analysts have recently weighed in on the stock. Barclays PLC reduced their price objective on shares of AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday. Bank of America Corporation lowered shares of AT&T from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $39.00 in a report on Thursday, July 13th. Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective on the stock in a report on Monday, July 10th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $42.00 price objective on shares of AT&T in a report on Sunday, July 9th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.66.

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.

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

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