Wesbanco Bank Inc. lowered its holdings in shares of AT&T Inc. (NYSE:T) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,423 shares of the technology company’s stock after selling 22,791 shares during the period. Wesbanco Bank Inc.’s holdings in AT&T were worth $14,882,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of AT&T by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after buying an additional 3,379,045 shares in the last quarter. Vanguard Group Inc raised its stake in shares of AT&T by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after buying an additional 3,379,045 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of AT&T by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 73,430,336 shares of the technology company’s stock worth $2,465,790,000 after buying an additional 705,902 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of AT&T by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,223,649 shares of the technology company’s stock worth $813,430,000 after buying an additional 548,525 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of AT&T by 5.8% in the 3rd quarter. Prudential Financial Inc. now owns 18,161,798 shares of the technology company’s stock worth $609,873,000 after buying an additional 999,338 shares in the last quarter. 63.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of T stock traded up $0.02 on Tuesday, reaching $31.11. 9,816,000 shares of the company’s stock traded hands, compared to its average volume of 26,572,036. AT&T Inc. has a 12-month low of $26.80 and a 12-month high of $34.53. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $223.18 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 1.91 and a beta of 0.55.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. AT&T had a return on equity of 13.16% and a net margin of 10.59%. The business had revenue of $44.83 billion for the quarter, compared to the consensus estimate of $45.20 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. AT&T’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, sell-side analysts predict that AT&T Inc. will post 3.59 EPS for the current year.

A number of equities research analysts have recently issued reports on T shares. ValuEngine raised AT&T from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Desjardins reaffirmed an “average” rating and set a $56.50 target price on shares of AT&T in a research report on Friday, April 5th. Finally, Raymond James raised AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Friday, March 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. AT&T has an average rating of “Buy” and an average target price of $36.32.

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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.

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

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