Capital Planning Advisors LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 18.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 22,402 shares of the technology company’s stock after selling 4,958 shares during the period. Capital Planning Advisors LLC’s holdings in AT&T were worth $877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of AT&T by 2.2% during the 2nd 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 in the last quarter. BlackRock Inc. raised its position in shares of AT&T by 1.1% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of AT&T by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock valued at $2,650,934,000 after buying an additional 1,672,264 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of AT&T by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock valued at $2,446,984,000 after buying an additional 3,572,307 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of AT&T by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after buying an additional 1,263,645 shares in the last quarter. Institutional investors own 55.49% of the company’s stock.

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

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

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

T has been the topic of several recent research reports. Jefferies Group restated a “buy” rating and set a $36.38 target price (down from $48.00) on shares of AT&T in a research report on Friday, December 1st. Zacks Investment Research cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price on the stock in a research report on Monday, October 16th. Finally, Deutsche Bank decreased their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.90.

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

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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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