Atalanta Sosnoff Capital LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 44.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 765,956 shares of the technology company’s stock after selling 613,766 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in AT&T were worth $28,900,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of T. Ullmann Financial Group Inc. purchased a new stake in shares of AT&T during the first quarter valued at approximately $101,000. Feltz Wealth PLAN Inc. purchased a new stake in shares of AT&T during the first quarter valued at approximately $104,000. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of AT&T during the first quarter valued at approximately $109,000. Finally, Sterling Investment Advisors Ltd. boosted its stake in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares during the last quarter. Institutional investors and hedge funds own 55.24% of the company’s stock.

AT&T Inc. (NYSE T) traded down 0.8629% on Tuesday, reaching $38.1678. The company had a trading volume of 5,726,706 shares. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.03. The firm has a market capitalization of $234.35 billion, a PE ratio of 17.9360 and a beta of 0.47. The stock has a 50 day moving average of $37.59 and a 200 day moving average of $39.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. AT&T’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts anticipate that AT&T Inc. will post $2.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Thursday, July 6th. AT&T’s payout ratio is currently 92.45%.

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Several analysts recently commented on the company. Deutsche Bank AG reiterated a “hold” rating and set a $41.00 price target (down from $42.00) on shares of AT&T in a research report on Saturday, April 29th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada set a $42.00 price target on AT&T and gave the stock a “hold” rating in a research report on Saturday, May 20th. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target for the company in a research report on Wednesday, June 21st. Finally, SunTrust Banks, Inc. assumed coverage on AT&T in a research report on Tuesday, April 18th. They set a “hold” rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. AT&T currently has a consensus rating of “Hold” and an average price target of $43.50.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

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