AT&T Inc. (NYSE:T) Shares Purchased by Appleton Partners Inc. MA

Appleton Partners Inc. MA boosted its position in AT&T Inc. (NYSE:T) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 151,083 shares of the technology company’s stock after purchasing an additional 2,043 shares during the quarter. Appleton Partners Inc. MA’s holdings in AT&T were worth $4,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in AT&T by 3.4% in the 2nd quarter. BlackRock Inc. now owns 508,851,017 shares of the technology company’s stock valued at $14,644,734,000 after buying an additional 16,734,100 shares during the period. Amundi purchased a new stake in AT&T in the 2nd quarter valued at about $356,207,000. State Street Corp grew its holdings in AT&T by 3.1% in the 2nd quarter. State Street Corp now owns 296,845,308 shares of the technology company’s stock valued at $8,543,208,000 after buying an additional 8,812,329 shares during the period. FMR LLC grew its holdings in AT&T by 46.8% in the 2nd quarter. FMR LLC now owns 21,286,901 shares of the technology company’s stock valued at $612,637,000 after buying an additional 6,789,539 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in AT&T by 147.0% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,981,484 shares of the technology company’s stock valued at $258,487,000 after buying an additional 5,345,756 shares during the period. 51.42% of the stock is owned by hedge funds and other institutional investors.

In other AT&T news, Director Stephen J. Luczo purchased 100,000 shares of the firm’s stock in a transaction dated Monday, November 8th. The stock was bought at an average price of $25.04 per share, with a total value of $2,504,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.08% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the company. Citigroup decreased their target price on AT&T from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, October 19th. Moffett Nathanson raised AT&T from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $23.00 to $28.00 in a research report on Thursday, October 7th. Loop Capital assumed coverage on AT&T in a research report on Monday, September 20th. They set a “hold” rating and a $30.00 price target on the stock. KeyCorp raised AT&T from an “underweight” rating to a “sector weight” rating in a research report on Thursday, October 14th. Finally, Barclays cut their target price on AT&T from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, October 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.13.

Shares of T stock traded down $0.29 on Thursday, hitting $24.47. 33,684,130 shares of the stock traded hands, compared to its average volume of 41,300,453. The company has a market capitalization of $174.72 billion, a PE ratio of 203.93, a PEG ratio of 2.01 and a beta of 0.70. The company’s fifty day moving average is $25.85 and its 200 day moving average is $27.66. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.70 and a quick ratio of 0.66. AT&T Inc. has a 1-year low of $23.96 and a 1-year high of $33.88.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 20th. The technology company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.09. The firm had revenue of $39.90 billion during the quarter, compared to the consensus estimate of $42.37 billion. AT&T had a return on equity of 13.47% and a net margin of 0.67%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. As a group, equities research analysts expect that AT&T Inc. will post 3.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 1st. Investors of record on Monday, October 11th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, October 7th. This represents a $2.08 dividend on an annualized basis and a yield of 8.50%. AT&T’s payout ratio is currently 1,733.48%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.

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

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