Northeast Investment Management lowered its position in AT&T Inc. (NYSE:T) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,737 shares of the technology company’s stock after selling 1,714 shares during the quarter. Northeast Investment Management’s holdings in AT&T were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of T. Legal & General Group Plc increased its position in shares of AT&T by 2.4% during the second quarter. Legal & General Group Plc now owns 37,455,113 shares of the technology company’s stock worth $1,413,168,000 after acquiring an additional 871,489 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of AT&T by 4.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 23,368,641 shares of the technology company’s stock worth $881,699,000 after acquiring an additional 1,011,014 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of AT&T by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock worth $744,385,000 after acquiring an additional 143,884 shares during the last quarter. APG Asset Management N.V. increased its position in shares of AT&T by 7.1% during the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock worth $638,314,000 after acquiring an additional 1,117,300 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of AT&T by 6.4% during the second quarter. Great West Life Assurance Co. Can now owns 8,847,061 shares of the technology company’s stock worth $333,379,000 after acquiring an additional 532,249 shares during the last quarter. Hedge funds and other institutional investors own 55.32% of the company’s stock.

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In other news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research lowered AT&T from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective for the company. in a report on Tuesday, September 26th. Deutsche Bank AG lowered their price objective on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a report on Wednesday, October 25th. Moffett Nathanson reissued a “neutral” rating on shares of AT&T in a report on Monday, October 16th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $36.00 price objective on shares of AT&T in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $43.41.

AT&T Inc. (T) opened at $34.87 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $214,066.92, a P/E ratio of 11.90, a PEG ratio of 2.81 and a beta of 0.42. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $43.03.

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 Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. research analysts anticipate that AT&T Inc. will post 2.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. The ex-dividend date was Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.62%. AT&T’s dividend payout ratio is presently 94.69%.

About AT&T

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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