Bigelow Investment Advisors LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,139 shares of the technology company’s stock after selling 2,152 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in AT&T were worth $1,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. Ibex Wealth Advisors raised its position in AT&T by 0.8% in the third quarter. Ibex Wealth Advisors now owns 198,405 shares of the technology company’s stock valued at $6,644,000 after purchasing an additional 1,493 shares during the last quarter. SSI Investment Management Inc. raised its position in AT&T by 10.0% in the second quarter. SSI Investment Management Inc. now owns 17,160 shares of the technology company’s stock valued at $549,000 after purchasing an additional 1,553 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in AT&T by 1.7% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,276 shares of the technology company’s stock valued at $3,059,000 after purchasing an additional 1,553 shares during the last quarter. Tradewinds Capital Management LLC raised its position in AT&T by 27.0% in the second quarter. Tradewinds Capital Management LLC now owns 7,332 shares of the technology company’s stock valued at $235,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Endurance Wealth Management Inc. raised its position in AT&T by 7.5% in the second quarter. Endurance Wealth Management Inc. now owns 22,644 shares of the technology company’s stock valued at $728,000 after purchasing an additional 1,572 shares during the last quarter. 64.77% of the stock is currently owned by institutional investors.

Several equities analysts have commented on the company. Cowen reiterated a “buy” rating and issued a $35.00 target price on shares of AT&T in a research report on Thursday, January 31st. Bank of America set a $37.00 target price on AT&T and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Argus reiterated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research report on Friday, October 26th. Scotiabank set a $32.00 target price on AT&T and gave the company a “hold” rating in a research report on Thursday, October 25th. Finally, Citigroup upgraded AT&T from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.89.

Shares of T opened at $29.84 on Thursday. AT&T Inc. has a 1 year low of $26.80 and a 1 year high of $37.81. The company has a quick ratio of 0.81, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. The stock has a market cap of $183.00 billion, a PE ratio of 8.48, a P/E/G ratio of 1.25 and a beta of 0.54.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.86. The business had revenue of $47.99 billion during the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. On average, research analysts anticipate that AT&T Inc. will post 3.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 1st. Shareholders of record on Thursday, January 10th were issued a $0.51 dividend. This is an increase from AT&T’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date was Wednesday, January 9th. AT&T’s payout ratio is presently 57.95%.

In other AT&T news, CEO John T. Stankey sold 3,748 shares of AT&T stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total value of $111,840.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

WARNING: This piece of content was reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/bigelow-investment-advisors-llc-has-1-31-million-stake-in-att-inc-t/2819295.html.

AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

Recommended Story: Diversification in Investing

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.