Barber Financial Group Inc. increased its stake in AT&T Inc. (NYSE:T) by 3.7% during the first quarter, Holdings Channel reports. The firm owned 39,863 shares of the technology company’s stock after buying an additional 1,406 shares during the period. Barber Financial Group Inc.’s holdings in AT&T were worth $1,656,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of T. Feltz Wealth PLAN Inc. bought a new stake in AT&T during the first quarter valued at approximately $104,000. Taylor Wealth Management Partners raised 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 buying an additional 11 shares during the period. Asset Planning Services Ltd. raised its stake in AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock valued at $173,000 after buying an additional 877 shares during the period. Israel Discount Bank of New York GFN bought a new stake in AT&T during the fourth quarter valued at approximately $196,000. Finally, Toth Financial Advisory Corp bought a new stake in AT&T during the first quarter valued at approximately $214,000. Hedge funds and other institutional investors own 55.28% of the company’s stock.

AT&T Inc. (NYSE T) opened at 38.52 on Tuesday. The company has a 50 day moving average of $37.65 and a 200-day moving average of $39.78. AT&T Inc. has a one year low of $35.81 and a one year high of $43.48. The company has a market cap of $236.51 billion, a P/E ratio of 18.18 and a beta of 0.47.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. AT&T’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. On average, equities analysts expect that AT&T Inc. will post $2.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.09%. AT&T’s payout ratio is presently 92.45%.

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Several equities research analysts have recently commented on T shares. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.97 price objective for the company in a research note on Wednesday, May 17th. Macquarie reaffirmed a “buy” rating and issued a $45.00 target price (down previously from $46.00) on shares of AT&T in a report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Wednesday, April 19th. Argus reaffirmed a “buy” rating and issued a $51.00 target price on shares of AT&T in a report on Monday, April 10th. Finally, Barclays PLC dropped their target price on shares of AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the stock. AT&T presently has a consensus rating of “Hold” and an average price target of $43.40.

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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