Investors Asset Management of Georgia Inc. GA ADV reduced its holdings in shares of AT&T Inc. (NYSE:T) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,863 shares of the technology company’s stock after selling 1,000 shares during the quarter. AT&T accounts for about 1.0% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 23rd largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in AT&T were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in T. Public Employees Retirement Association of Colorado lifted its position in shares of AT&T by 5.3% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,340 shares of the technology company’s stock worth $40,237,000 after purchasing an additional 69,268 shares during the last quarter. Driehaus Capital Management LLC raised its stake in AT&T by 9.2% during the first quarter. Driehaus Capital Management LLC now owns 10,305 shares of the technology company’s stock valued at $300,000 after buying an additional 871 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in AT&T by 26.6% during the 1st quarter. Cohen & Steers Inc. now owns 13,753 shares of the technology company’s stock worth $401,000 after buying an additional 2,889 shares during the last quarter. Atom Investors LP acquired a new position in shares of AT&T in the 1st quarter worth approximately $204,000. Finally, Tudor Investment Corp Et Al bought a new stake in shares of AT&T in the 1st quarter valued at approximately $350,000. 52.29% of the stock is owned by institutional investors and hedge funds.

T has been the subject of a number of research reports. Oppenheimer reaffirmed a “buy” rating and issued a $38.00 price objective on shares of AT&T in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of AT&T from $38.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Bank of America reiterated a “buy” rating and set a $36.00 price objective on shares of AT&T in a research note on Friday, July 24th. Royal Bank of Canada raised their target price on shares of AT&T from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Scotiabank lowered AT&T from a “sector perform” rating to a “sector underperform” rating and lowered their target price for the company from $34.00 to $30.00 in a report on Monday, August 31st. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.56.

T stock opened at $27.33 on Friday. The company has a 50-day simple moving average of $28.84 and a 200 day simple moving average of $29.74. The company has a market capitalization of $194.73 billion, a P/E ratio of 16.77, a PEG ratio of 1.64 and a beta of 0.69. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.79. AT&T Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $39.70.

AT&T (NYSE:T) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $40.95 billion during the quarter, compared to analyst estimates of $40.87 billion. AT&T had a net margin of 6.84% and a return on equity of 13.03%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. Equities analysts anticipate that AT&T Inc. will post 3.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $2.08 annualized dividend and a yield of 7.61%. AT&T’s payout ratio is 58.26%.

In other news, Director Stephen J. Luczo acquired 100,000 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average price of $29.69 per share, for a total transaction of $2,969,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Further Reading: Cash Flow Analysis in Stock Selection

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

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