Raymond James Trust N.A. increased its holdings in AT&T Inc. (NYSE:T) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,743 shares of the technology company’s stock after purchasing an additional 13,680 shares during the period. Raymond James Trust N.A.’s holdings in AT&T were worth $16,186,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of T. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in shares of AT&T by 0.4% during the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 83,862 shares of the technology company’s stock valued at $2,535,000 after buying an additional 345 shares during the last quarter. Pioneer Trust Bank N A OR raised its position in shares of AT&T by 3.0% during the second quarter. Pioneer Trust Bank N A OR now owns 12,016 shares of the technology company’s stock valued at $363,000 after buying an additional 352 shares during the last quarter. KFA Private Wealth Group LLC raised its position in shares of AT&T by 2.9% during the second quarter. KFA Private Wealth Group LLC now owns 12,747 shares of the technology company’s stock valued at $385,000 after buying an additional 356 shares during the last quarter. Cordatus Wealth Management LLC raised its position in shares of AT&T by 0.8% during the second quarter. Cordatus Wealth Management LLC now owns 44,302 shares of the technology company’s stock valued at $1,339,000 after buying an additional 361 shares during the last quarter. Finally, Ferris Capital LLC raised its position in shares of AT&T by 1.9% during the second quarter. Ferris Capital LLC now owns 19,424 shares of the technology company’s stock valued at $587,000 after buying an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

In related news, Director Stephen J. Luczo purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average cost of $29.69 per share, with a total value of $2,969,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is owned by corporate insiders.

T opened at $27.33 on Friday. AT&T Inc. has a one year low of $26.08 and a one year high of $39.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $28.84 and its 200-day simple moving average is $29.74. The stock has a market capitalization of $194.73 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.64 and a beta of 0.69.

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

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

A number of brokerages have recently commented on T. Bank of America reaffirmed a “buy” rating and set a $36.00 price objective on shares of AT&T in a research report on Friday, July 24th. Royal Bank of Canada increased their price target on shares of AT&T from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of AT&T from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. KeyCorp lowered shares of AT&T from a “sector weight” rating to an “underweight” rating and set a $25.00 price target for the company. in a research report on Monday, October 5th. Finally, Barclays initiated coverage on shares of AT&T in a research report on Friday, October 2nd. They issued an “overweight” rating for the company. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and a consensus target price of $33.56.

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.

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

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