Johnston Asset Management LLC decreased its position in AT&T Inc. (NYSE:T) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,590 shares of the technology company’s stock after selling 300 shares during the quarter. Johnston Asset Management LLC’s holdings in AT&T were worth $701,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of AT&T by 4.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock worth $928,960,000 after buying an additional 985,330 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew 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 buying an additional 143,884 shares in the last quarter. APG Asset Management N.V. grew 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 buying an additional 1,117,300 shares in the last quarter. Great West Life Assurance Co. Can grew 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 buying an additional 532,249 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its position in shares of AT&T by 11.0% during the first quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock worth $251,456,000 after buying an additional 597,735 shares in the last quarter. 54.97% of the stock is owned by institutional investors.

Shares of AT&T Inc. (T) opened at 35.54 on Friday. The company’s 50 day moving average is $37.49 and its 200-day moving average is $38.19. AT&T Inc. has a 52 week low of $35.10 and a 52 week high of $43.03. The company has a market capitalization of $218.22 billion, a PE ratio of 16.70 and a beta of 0.49.

AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, analysts expect that AT&T Inc. will post $2.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Friday, October 6th. AT&T’s payout ratio is presently 92.45%.

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A number of analysts have recently weighed in on T shares. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price target for the company in a research report on Monday, October 16th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, October 11th. Macquarie reissued a “buy” rating and set a $43.00 price target on shares of AT&T in a research report on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $42.00 price target on shares of AT&T in a research report on Sunday, July 9th. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.57.

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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