Chevy Chase Trust Holdings Inc. lowered its position in AT&T Inc. (NYSE:T) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,594,641 shares of the technology company’s stock after selling 7,606 shares during the period. AT&T accounts for about 1.0% of Chevy Chase Trust Holdings Inc.’s investment portfolio, making the stock its 15th largest holding. Chevy Chase Trust Holdings Inc. owned about 0.09% of AT&T worth $211,085,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in T. Somerset Trust Co grew its stake in shares of AT&T by 2.7% in the 2nd quarter. Somerset Trust Co now owns 36,284 shares of the technology company’s stock worth $1,369,000 after buying an additional 970 shares during the last quarter. Moon Capital Management LLC grew its stake in shares of AT&T by 0.3% in the 2nd quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock worth $824,000 after buying an additional 75 shares during the last quarter. Forte Capital LLC ADV grew its stake in shares of AT&T by 6.4% in the 2nd quarter. Forte Capital LLC ADV now owns 48,931 shares of the technology company’s stock worth $1,846,000 after buying an additional 2,961 shares during the last quarter. National Pension Service grew its stake in shares of AT&T by 10.1% in the 2nd quarter. National Pension Service now owns 4,684,417 shares of the technology company’s stock worth $176,228,000 after buying an additional 431,148 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of AT&T by 3.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 125,054 shares of the technology company’s stock worth $4,717,000 after buying an additional 3,790 shares during the last quarter. 54.99% of the stock is owned by hedge funds and other institutional investors.

T has been the topic of several recent research reports. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price target on the stock. in a research note on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research note on Thursday, August 24th. Macquarie restated a “buy” rating and issued a $43.00 price target on shares of AT&T in a research note on Friday, September 1st. Barclays PLC cut their price target on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, July 14th. Finally, Morgan Stanley upped their price target on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $43.87.

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Shares of AT&T Inc. (NYSE T) traded down 1.10% during trading on Friday, reaching $38.59. The company had a trading volume of 22,431,894 shares. The stock has a market capitalization of $236.94 billion, a price-to-earnings ratio of 18.13 and a beta of 0.49. The company’s 50 day moving average is $37.82 and its 200-day moving average is $38.56. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03. AT&T also saw some unusual options trading activity on Thursday. Traders bought 294,492 call options on the stock. This is an increase of 654% compared to the typical daily volume of 39,059 call options.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that AT&T Inc. will post $2.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Friday, October 6th. AT&T’s payout ratio is 92.45%.

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.

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

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