Garrison Financial Corp cut its stake in AT&T Inc. (NYSE:T) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,873 shares of the technology company’s stock after selling 657 shares during the quarter. Garrison Financial Corp’s holdings in AT&T were worth $599,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. 440 Investment Group LLC grew its position in shares of AT&T by 38.7% in the 2nd quarter. 440 Investment Group LLC now owns 18,450 shares of the technology company’s stock valued at $696,000 after purchasing an additional 5,150 shares during the period. Grisanti Capital Management LLC acquired a new position in shares of AT&T in the 2nd quarter valued at approximately $2,079,000. CCM Investment Advisers LLC grew its position in shares of AT&T by 33.5% in the 2nd quarter. CCM Investment Advisers LLC now owns 206,316 shares of the technology company’s stock valued at $7,784,000 after purchasing an additional 51,761 shares during the period. Berkeley Capital Partners LLC boosted its position in AT&T by 15.8% during the 2nd quarter. Berkeley Capital Partners LLC now owns 35,174 shares of the technology company’s stock worth $1,327,000 after acquiring an additional 4,810 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in AT&T by 9.7% during the 2nd quarter. Wedbush Securities Inc. now owns 176,333 shares of the technology company’s stock worth $6,653,000 after acquiring an additional 15,562 shares during the last quarter. 55.21% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on T shares. Macquarie reaffirmed a “buy” rating and set a $43.00 price target on shares of AT&T in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Thursday, August 24th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price target for the company. in a research report on Wednesday, July 26th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, October 11th. Finally, Standpoint Research initiated coverage on AT&T in a research note on Wednesday, November 8th. They set a “buy” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and a consensus target price of $43.48.

In other news, Director Matthew K. Rose bought 29,600 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was purchased at an average price of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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AT&T Inc. (T) opened at $34.17 on Tuesday. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $43.03. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $210,076.59, a PE ratio of 11.68, a PEG ratio of 2.76 and a beta of 0.42.

AT&T (NYSE:T) last issued its 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 for the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. research analysts anticipate that AT&T Inc. will post 2.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend was Friday, October 6th. AT&T’s dividend payout ratio is currently 94.69%.

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.

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

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