ZWJ Investment Counsel Inc. grew its stake in shares of AT&T (NYSE:T) by 13.3% in the fourth quarter, Holdings Channel reports. The fund owned 642,931 shares of the technology company’s stock after buying an additional 75,227 shares during the quarter. AT&T comprises about 2.0% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 18th biggest position. ZWJ Investment Counsel Inc.’s holdings in AT&T were worth $24,997,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sfmg LLC lifted its position in shares of AT&T by 58.5% during the 3rd quarter. Sfmg LLC now owns 48,102 shares of the technology company’s stock valued at $1,884,000 after acquiring an additional 17,748 shares during the last quarter. Curbstone Financial Management Corp lifted its holdings in shares of AT&T by 93.6% in the third quarter. Curbstone Financial Management Corp now owns 65,208 shares of the technology company’s stock valued at $2,554,000 after purchasing an additional 31,521 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in shares of AT&T by 1.9% in the third quarter. Essex Financial Services Inc. now owns 161,414 shares of the technology company’s stock valued at $6,323,000 after purchasing an additional 2,979 shares in the last quarter. Harrington Investments INC purchased a new stake in shares of AT&T in the third quarter valued at $626,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AT&T by 2.5% in the third 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 purchasing an additional 1,672,264 shares in the last quarter. Institutional investors own 55.93% of the company’s stock.

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A number of research firms have recently issued reports on T. Barclays reduced their target price on AT&T from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday. Macquarie restated a “buy” rating and issued a $40.00 target price on shares of AT&T in a report on Sunday, April 8th. HSBC upgraded AT&T from a “hold” rating to a “buy” rating and increased their target price for the company from $34.90 to $41.00 in a report on Wednesday, March 28th. Wells Fargo reduced their target price on AT&T from $48.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, March 23rd. Finally, Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $39.68 target price for the company in a report on Friday, March 23rd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. AT&T currently has an average rating of “Hold” and an average target price of $41.47.

In other AT&T news, CEO John Donovan bought 27,997 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $35.68 per share, with a total value of $998,932.96. Following the completion of the transaction, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at approximately $6,416,477.12. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John T. Stankey sold 2,307 shares of the firm’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 completion of the sale, the executive vice president now directly owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

AT&T stock opened at $35.64 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $215,724.45, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 2.42 and a beta of 0.39. AT&T has a one year low of $32.55 and a one year high of $40.56.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. The firm 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 business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. sell-side analysts predict that AT&T will post 3.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.61%. The ex-dividend date is Monday, April 9th. AT&T’s payout ratio is 65.57%.

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AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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