Waverton Investment Management Ltd purchased a new position in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 464,097 shares of the technology company’s stock, valued at approximately $14,902,000. AT&T accounts for about 0.9% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 21st biggest position.

Several other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its position in AT&T by 3.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 127,615 shares of the technology company’s stock valued at $4,098,000 after acquiring an additional 4,404 shares during the period. Stumpf Capital Management LLC increased its position in AT&T by 68.6% in the 2nd quarter. Stumpf Capital Management LLC now owns 76,900 shares of the technology company’s stock valued at $2,463,000 after acquiring an additional 31,300 shares during the period. City Holding Co. increased its position in AT&T by 3.9% in the 2nd quarter. City Holding Co. now owns 122,396 shares of the technology company’s stock valued at $3,930,000 after acquiring an additional 4,551 shares during the period. WINTON GROUP Ltd increased its position in AT&T by 23.4% in the 2nd quarter. WINTON GROUP Ltd now owns 29,403 shares of the technology company’s stock valued at $944,000 after acquiring an additional 5,585 shares during the period. Finally, Laurel Wealth Advisors Inc. increased its position in AT&T by 13.9% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 128,087 shares of the technology company’s stock valued at $4,401,000 after acquiring an additional 15,657 shares during the period. Institutional investors and hedge funds own 63.84% of the company’s stock.

Several research firms recently commented on T. Bank of America set a $37.00 target price on AT&T and gave the company a “buy” rating in a research report on Monday. Argus restated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research report on Friday, October 26th. Robert W. Baird decreased their price target on AT&T from $38.00 to $35.00 and set an “outperform” rating for the company 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. Finally, Tigress Financial raised 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 issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $36.59.

Shares of NYSE T opened at $29.42 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $186.32 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 2.42 and a beta of 0.42. AT&T Inc. has a 1 year low of $28.85 and a 1 year high of $39.33.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 20.40% and a return on equity of 13.61%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. Equities research analysts forecast that AT&T Inc. will post 3.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Tuesday, October 9th. AT&T’s dividend payout ratio is presently 65.57%.

In related news, Director Michael B. Mccallister acquired 4,000 shares of AT&T stock in a transaction dated Friday, October 26th. The stock was acquired at an average cost of $29.14 per share, with a total value of $116,560.00. Following the purchase, the director now directly owns 7,361 shares in the company, valued at approximately $214,499.54. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

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AT&T 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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