Inspirion Wealth Advisors LLC decreased its holdings in AT&T Inc. (NYSE:T) by 8.5% in the third quarter, HoldingsChannel.com reports. The firm owned 15,021 shares of the technology company’s stock after selling 1,400 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in AT&T were worth $428,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement Association of Colorado raised its position in 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 acquiring an additional 69,268 shares during the period. Driehaus Capital Management LLC raised its position in shares of AT&T by 9.2% during the 1st quarter. Driehaus Capital Management LLC now owns 10,305 shares of the technology company’s stock worth $300,000 after purchasing an additional 871 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of 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 purchasing an additional 2,889 shares during the last quarter. Atom Investors LP purchased a new position in AT&T in the 1st quarter valued at about $204,000. Finally, Tudor Investment Corp Et Al acquired a new stake in AT&T in the 1st quarter worth about $350,000. Institutional investors own 52.29% of the company’s stock.

In other news, Director Stephen J. Luczo purchased 100,000 shares of the stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average cost of $29.69 per share, for a total transaction of $2,969,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by corporate insiders.

T has been the topic of several research reports. Oppenheimer restated a “buy” rating and issued a $38.00 target price on shares of AT&T in a research report on Thursday, October 1st. Scotiabank lowered AT&T from a “sector perform” rating to a “sector underperform” rating and decreased their price objective for the company from $34.00 to $30.00 in a report on Monday, August 31st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of AT&T from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. KeyCorp cut shares of AT&T from a “sector weight” rating to an “underweight” rating and set a $25.00 target price for the company. in a research report on Monday, October 5th. Finally, Bank of America reissued a “buy” rating and issued a $36.00 price target on shares of AT&T in a research note on Friday, July 24th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. AT&T has an average rating of “Hold” and a consensus target price of $33.56.

Shares of T opened at $27.33 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79. The firm has a market cap 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. The company’s 50-day moving average price is $28.84 and its 200 day moving average price is $29.74. AT&T Inc. has a 12-month low of $26.08 and a 12-month high of $39.70.

AT&T (NYSE:T) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $40.95 billion for the quarter, compared to the consensus estimate 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 was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. Equities research analysts forecast that AT&T Inc. will post 3.21 earnings per share for the current year.

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

AT&T Company 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.

See Also: How to Invest in a Bull Market

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.