NS Partners Ltd raised its stake in AT&T Inc. (NYSE:T) by 3.1% during the first quarter, Holdings Channel reports. The fund owned 20,554 shares of the technology company’s stock after buying an additional 625 shares during the period. NS Partners Ltd’s holdings in AT&T were worth $854,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in T. Feltz Wealth PLAN Inc. purchased a new stake in AT&T during the first quarter worth $104,000. Taylor Wealth Management Partners boosted 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 worth $106,000 after buying an additional 11 shares in the last quarter. Asset Planning Services Ltd. boosted 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 worth $173,000 after buying an additional 877 shares in the last quarter. Israel Discount Bank of New York GFN purchased a new stake in AT&T during the fourth quarter worth $196,000. Finally, Toth Financial Advisory Corp purchased a new stake in AT&T during the first quarter worth $214,000. Institutional investors own 55.28% of the company’s stock.

AT&T Inc. (T) traded up 0.13% on Friday, reaching $38.24. The company’s stock had a trading volume of 3,554,814 shares. The company has a market capitalization of $234.79 billion, a price-to-earnings ratio of 17.97 and a beta of 0.47. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.46. The stock has a 50 day moving average price of $37.57 and a 200-day moving average price of $39.67.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the business earned $0.72 EPS. AT&T’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post $2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Thursday, July 6th. AT&T’s payout ratio is presently 92.45%.

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A number of equities research analysts recently weighed in on T shares. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.93 price target on the stock in a report on Wednesday, May 24th. Barclays PLC lowered their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 target price on shares of AT&T in a report on Sunday, July 9th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 target price on shares of AT&T in a report on Wednesday, April 19th. Finally, ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.50.

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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