Hall Laurie J Trustee grew its position in shares of AT&T Inc. (NYSE:T) by 584.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,770 shares of the technology company’s stock after acquiring an additional 74,090 shares during the quarter. AT&T comprises 1.6% of Hall Laurie J Trustee’s portfolio, making the stock its 18th biggest position. Hall Laurie J Trustee’s holdings in AT&T were worth $2,786,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Wagner Bowman Management Corp boosted its holdings in AT&T by 3.3% in the second quarter. Wagner Bowman Management Corp now owns 49,723 shares of the technology company’s stock valued at $1,596,000 after purchasing an additional 1,573 shares during the last quarter. Tiedemann Advisors LLC boosted its holdings in AT&T by 8.1% in the first quarter. Tiedemann Advisors LLC now owns 21,192 shares of the technology company’s stock valued at $754,000 after purchasing an additional 1,587 shares during the last quarter. Vivaldi Capital Management LLC boosted its holdings in AT&T by 19.4% in the first quarter. Vivaldi Capital Management LLC now owns 9,984 shares of the technology company’s stock valued at $356,000 after purchasing an additional 1,619 shares during the last quarter. Versant Capital Management Inc boosted its holdings in AT&T by 11.0% in the second quarter. Versant Capital Management Inc now owns 16,417 shares of the technology company’s stock valued at $527,000 after purchasing an additional 1,626 shares during the last quarter. Finally, Capital Advantage Inc. boosted its holdings in AT&T by 4.0% in the second quarter. Capital Advantage Inc. now owns 42,451 shares of the technology company’s stock valued at $1,363,000 after purchasing an additional 1,648 shares during the last quarter. Institutional investors own 64.63% of the company’s stock.

A number of research analysts recently commented on T shares. UBS Group raised AT&T from a “neutral” rating to a “buy” rating and increased their price target for the company from $33.00 to $38.00 in a report on Friday, September 21st. They noted that the move was a valuation call. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, July 17th. Macquarie reissued a “buy” rating and issued a $35.00 price target on shares of AT&T in a report on Wednesday, September 12th. Bank of America reaffirmed a “buy” rating on shares of AT&T in a report on Tuesday, August 21st. Finally, Scotiabank set a $33.00 target price on AT&T and gave the stock a “hold” rating in a report on Monday, July 23rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $37.82.

In related news, Director Matthew K. Rose purchased 65,500 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were acquired at an average price of $30.51 per share, with a total value of $1,998,405.00. Following the acquisition, the director now owns 81,319 shares in the company, valued at approximately $2,481,042.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was bought at an average cost of $32.48 per share, for a total transaction of $249,771.20. Following the acquisition, the director now owns 31,405 shares in the company, valued at approximately $1,020,034.40. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

NYSE:T opened at $32.57 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 0.81. AT&T Inc. has a 52 week low of $30.13 and a 52 week high of $39.33. The company has a market cap of $206.15 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 2.67 and a beta of 0.39.

AT&T (NYSE:T) last released its earnings results on Tuesday, July 24th. The technology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $38.99 billion for the quarter, compared to the consensus estimate of $38.45 billion. AT&T had a return on equity of 13.64% and a net margin of 20.12%. AT&T’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. On average, research analysts forecast that AT&T Inc. will post 3.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Wednesday, October 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Tuesday, October 9th. AT&T’s dividend payout ratio (DPR) is 65.57%.

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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