RWC Asset Management LLP decreased its position in AT&T Inc. (NYSE:T) by 29.1% during the third quarter, Holdings Channel reports. The firm owned 380,772 shares of the company’s stock after selling 156,015 shares during the period. RWC Asset Management LLP’s holdings in AT&T were worth $15,463,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. American Economic Planning Group Inc. ADV increased its stake in shares of AT&T by 0.4% in the third quarter. American Economic Planning Group Inc. ADV now owns 8,898 shares of the company’s stock worth $362,000 after buying an additional 32 shares in the last quarter. Family Firm Inc. increased its stake in shares of AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock worth $326,000 after buying an additional 35 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in shares of AT&T by 1.2% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 5,883 shares of the company’s stock worth $239,000 after buying an additional 68 shares in the last quarter. Bridgewater Wealth & Financial Management LLC increased its stake in shares of AT&T by 0.8% in the third quarter. Bridgewater Wealth & Financial Management LLC now owns 8,310 shares of the company’s stock worth $337,000 after buying an additional 68 shares in the last quarter. Finally, Bank Hapoalim BM increased its stake in shares of AT&T by 0.3% in the second quarter. Bank Hapoalim BM now owns 22,414 shares of the company’s stock worth $969,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 53.90% of the company’s stock.

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

AT&T Inc. (NYSE:T) opened at 41.25 on Friday. The stock has a 50 day moving average price of $41.48 and a 200 day moving average price of $40.35. AT&T Inc. has a 52-week low of $36.10 and a 52-week high of $43.89. The company has a market capitalization of $253.23 billion, a price-to-earnings ratio of 19.64 and a beta of 0.39.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $41.80 billion for the quarter, compared to analysts’ expectations of $42.14 billion. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Equities research analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current year.

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A number of brokerages have weighed in on T. Drexel Hamilton raised AT&T from a “hold” rating to a “buy” rating in a report on Tuesday, November 29th. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $40.31 target price on the stock in a report on Monday, December 5th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of AT&T in a report on Tuesday, December 6th. William Blair reaffirmed a “market perform” rating on shares of AT&T in a report on Wednesday, November 30th. Finally, Instinet reaffirmed a “buy” rating and issued a $46.00 target price on shares of AT&T in a report on Wednesday, November 30th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company. AT&T presently has a consensus rating of “Hold” and an average price target of $43.61.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

5 Day Chart for NYSE:T

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