Johnson Financial Group LLC increased its stake in AT&T Inc. (NYSE:T) by 8.1% during the second quarter, Holdings Channel reports. The firm owned 7,966 shares of the technology company’s stock after buying an additional 600 shares during the period. Johnson Financial Group LLC’s holdings in AT&T were worth $300,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Stralem & Co. Inc. raised its stake in AT&T by 1.8% in the second quarter. Stralem & Co. Inc. now owns 657,919 shares of the technology company’s stock valued at $24,823,000 after buying an additional 11,530 shares during the period. Beech Hill Advisors Inc. raised its stake in shares of AT&T by 11.4% in the second quarter. Beech Hill Advisors Inc. now owns 116,345 shares of the technology company’s stock worth $4,390,000 after buying an additional 11,929 shares during the last quarter. West Coast Financial LLC raised its stake in shares of AT&T by 10.6% in the second quarter. West Coast Financial LLC now owns 96,806 shares of the technology company’s stock worth $3,652,000 after buying an additional 9,292 shares during the last quarter. Glenview State Bank Trust DEPT. raised its stake in shares of AT&T by 5.9% in the second quarter. Glenview State Bank Trust DEPT. now owns 89,379 shares of the technology company’s stock worth $3,373,000 after buying an additional 4,945 shares during the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in shares of AT&T by 1.1% in the second quarter. Tealwood Asset Management Inc. now owns 129,472 shares of the technology company’s stock worth $4,885,000 after buying an additional 1,443 shares during the last quarter. Hedge funds and other institutional investors own 55.28% of the company’s stock.

Shares of AT&T Inc. (NYSE T) traded down 0.0492% during mid-day trading on Friday, reaching $38.1712. 5,691,799 shares of the company’s stock traded hands. The company’s 50-day moving average price is $37.57 and its 200-day moving average price is $39.67. AT&T Inc. has a 12-month low of $35.81 and a 12-month high of $43.46. The stock has a market capitalization of $234.37 billion, a PE ratio of 17.9376 and a beta of 0.47.

AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping 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 firm 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 business posted $0.72 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a $0.49 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.13%. AT&T’s dividend payout ratio is currently 92.45%.

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A number of equities research analysts have issued reports on T shares. Zacks Investment Research lowered AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research note on Wednesday, April 19th. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $41.00 price target on shares of AT&T in a research note on Saturday, April 29th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $42.00 price target on shares of AT&T in a research note on Sunday, July 9th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. AT&T has an average rating of “Hold” and a consensus price target of $43.50.

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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