Cubist Systematic Strategies LLC lowered its holdings in shares of AT&T Inc. (NYSE:T) by 59.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,579 shares of the technology company’s stock after selling 35,414 shares during the period. Cubist Systematic Strategies LLC’s holdings in AT&T were worth $927,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in T. Vanguard Group Inc. boosted its position in AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after buying an additional 9,053,649 shares during the period. BlackRock Inc. boosted its position in AT&T by 1.1% during the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after buying an additional 4,104,136 shares during the period. Dimensional Fund Advisors LP boosted its position in AT&T by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock valued at $2,446,984,000 after buying an additional 3,572,307 shares during the period. Wells Fargo & Company MN boosted its position in AT&T by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after buying an additional 1,263,645 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in AT&T by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after buying an additional 5,619,434 shares during the period. 55.85% of the stock is currently owned by institutional investors.

In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Several equities research analysts have weighed in on T shares. Oppenheimer reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. Citigroup raised their target price on shares of AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. KeyCorp reaffirmed a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Deutsche Bank dropped their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. AT&T currently has a consensus rating of “Hold” and a consensus price target of $42.81.

Shares of AT&T Inc. (NYSE:T) traded up $0.17 during midday trading on Tuesday, reaching $36.90. 23,666,700 shares of the company were exchanged, compared to its average volume of 25,115,664. AT&T Inc. has a one year low of $32.55 and a one year high of $43.03. The stock has a market cap of $225,485.47, a PE ratio of 12.54, a P/E/G ratio of 3.05 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60.

AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same period last year, the business earned $0.74 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. research analysts anticipate that AT&T Inc. will post 2.92 earnings per share for the current year.

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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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