Rehmann Capital Advisory Group increased its holdings in shares of AT&T Inc. (NYSE:T) by 3,209.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,149,677 shares of the technology company’s stock after purchasing an additional 2,084,713 shares during the quarter. AT&T accounts for about 0.2% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 22nd largest holding. Rehmann Capital Advisory Group’s holdings in AT&T were worth $1,380,676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in AT&T by 21.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,724,434 shares of the technology company’s stock worth $2,335,182,000 after acquiring an additional 12,709,982 shares during the period. Dimensional Fund Advisors LP boosted its holdings in AT&T by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 82,556,205 shares of the technology company’s stock worth $2,650,940,000 after acquiring an additional 11,990,755 shares during the period. Northern Trust Corp boosted its holdings in AT&T by 13.7% in the 2nd quarter. Northern Trust Corp now owns 83,934,430 shares of the technology company’s stock worth $2,695,135,000 after acquiring an additional 10,082,798 shares during the period. Charles Schwab Investment Advisory Inc. purchased a new position in AT&T in the 2nd quarter worth approximately $321,448,000. Finally, Swiss National Bank boosted its holdings in AT&T by 22.4% in the 2nd quarter. Swiss National Bank now owns 26,545,263 shares of the technology company’s stock worth $852,368,000 after acquiring an additional 4,853,805 shares during the period. 63.47% of the stock is owned by hedge funds and other institutional investors.

T stock opened at $30.67 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.86. The company has a market cap of $188.28 billion, a P/E ratio of 8.71, a PEG ratio of 1.29 and a beta of 0.59. AT&T Inc. has a 12-month low of $26.80 and a 12-month high of $37.34.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. The business had revenue of $47.99 billion for the quarter, compared to analyst estimates of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. Sell-side analysts expect that AT&T Inc. will post 3.6 earnings per share for the current year.

T has been the subject of a number of analyst reports. Cowen upped their price target on AT&T from $34.00 to $36.00 in a report on Sunday, December 9th. Bank of America set a $37.00 target price on AT&T and gave the company a “buy” rating in a research note on Monday, November 19th. Citigroup upgraded AT&T from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, December 11th. Barclays set a $32.00 target price on AT&T and gave the company a “hold” rating in a research note on Friday, January 18th. Finally, Moffett Nathanson upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Monday, November 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $35.71.

In related news, CEO John T. Stankey sold 3,748 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

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AT&T 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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