Zevin Asset Management LLC lessened its holdings in AT&T Inc. (NYSE:T) by 34.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,634 shares of the technology company’s stock after selling 97,572 shares during the period. AT&T makes up approximately 1.8% of Zevin Asset Management LLC’s portfolio, making the stock its 21st largest position. Zevin Asset Management LLC’s holdings in AT&T were worth $6,089,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of T. HC Financial Advisors Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $1,136,000. Haverford Trust Co. raised its stake in AT&T by 1.5% in the 1st quarter. Haverford Trust Co. now owns 177,742 shares of the technology company’s stock valued at $6,337,000 after acquiring an additional 2,669 shares during the period. Systematic Financial Management LP raised its stake in AT&T by 24.6% in the 1st quarter. Systematic Financial Management LP now owns 169,879 shares of the technology company’s stock valued at $6,056,000 after acquiring an additional 33,563 shares during the period. Rockefeller Capital Management L.P. bought a new stake in AT&T in the 1st quarter valued at $1,845,000. Finally, Private Wealth Advisors Inc. raised its stake in AT&T by 3.0% in the 1st quarter. Private Wealth Advisors Inc. now owns 76,848 shares of the technology company’s stock valued at $2,740,000 after acquiring an additional 2,221 shares during the period. 63.84% of the stock is owned by institutional investors.

T stock opened at $30.29 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The firm has a market cap of $185.95 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 2.42 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $28.85 and a fifty-two week high of $39.33.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.04). The firm had revenue of $45.74 billion for the quarter, compared to the consensus estimate of $45.73 billion. AT&T had a return on equity of 13.61% and a net margin of 20.40%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. As a group, equities analysts expect that AT&T Inc. will post 3.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Tuesday, October 9th. AT&T’s payout ratio is currently 65.57%.

In related news, Director Michael B. Mccallister purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $29.14 per share, for a total transaction of $116,560.00. Following the completion of the transaction, the director now owns 7,361 shares of the company’s stock, valued at $214,499.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on the company. Argus restated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research note on Friday, October 26th. Robert W. Baird dropped their price target on AT&T from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Scotiabank set a $32.00 price target on AT&T and gave the company a “hold” rating in a research note on Thursday, October 25th. Bank of America set a $37.00 price target on AT&T and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, Tigress Financial upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.59.

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About AT&T

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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