AT&T Inc. $T Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its stake in AT&T Inc. (NYSE:T) by 4.3% during the second quarter, Holdings Channel.com reports. The fund owned 3,275,207 shares of the technology company’s stock after selling 145,686 shares during the quarter. Epoch Investment Partners Inc.’s holdings in AT&T were worth $94,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J. L. Bainbridge & Co. Inc. lifted its holdings in AT&T by 1.7% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock valued at $615,000 after purchasing an additional 355 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its position in shares of AT&T by 2.0% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after purchasing an additional 357 shares during the last quarter. Investment Partners LTD. raised its position in shares of AT&T by 3.5% during the 2nd quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after purchasing an additional 357 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in AT&T by 2.5% in the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after buying an additional 364 shares in the last quarter. Finally, Texas Bank & Trust Co boosted its holdings in AT&T by 0.6% in the 2nd quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock worth $1,860,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $25.39 on Friday. The business’s 50 day moving average price is $25.77 and its 200 day moving average price is $27.38. The company has a market cap of $179.97 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.48 and a beta of 0.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the prior year, the business earned $0.60 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. AT&T’s payout ratio is 36.04%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group initiated coverage on AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price for the company. Williams Trading set a $33.00 price target on AT&T in a research report on Thursday, October 23rd. Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Scotiabank set a $30.25 target price on shares of AT&T and gave the stock a “sector perform” rating in a research note on Monday, October 6th. Finally, Cowen reaffirmed a “hold” rating on shares of AT&T in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.64.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.