New England Investment & Retirement Group Inc. lifted its stake in AT&T Inc. (NYSE:T) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,122 shares of the technology company’s stock after purchasing an additional 77 shares during the quarter. New England Investment & Retirement Group Inc.’s holdings in AT&T were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Ullmann Financial Group Inc. bought a new position in AT&T during the first quarter valued at approximately $101,000. Taylor Wealth Management Partners raised its position in AT&T by 0.4% during the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in AT&T during the first quarter valued at approximately $109,000. Sterling Investment Advisors Ltd. raised its position in AT&T by 289.1% during the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,024 shares in the last quarter. Finally, CKW Financial Group raised its position in AT&T by 83.9% during the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,724 shares in the last quarter. 55.08% of the stock is owned by institutional investors and hedge funds.

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Shares of AT&T Inc. (T) opened at $33.30 on Friday. The company has a market capitalization of $203,630.63, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 2.67 and a beta of 0.42. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.12 and a current ratio of 1.60.

AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The company had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. equities research analysts expect that AT&T Inc. will post 2.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.89%. AT&T’s payout ratio is presently 94.69%.

Several brokerages have commented on T. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target on the stock in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Cowen and Company reiterated a “market perform” rating and set a $41.00 price target (down previously from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price target on shares of AT&T in a report on Thursday, August 24th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $43.00 price target on shares of AT&T in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $42.87.

In related news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was bought at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

AT&T 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.

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

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