P.A.W. Capital Corp increased its stake in shares of AT&T Inc. (NYSE:T) by 53.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 83,000 shares of the technology company’s stock after purchasing an additional 29,000 shares during the period. AT&T accounts for 3.1% of P.A.W. Capital Corp’s investment portfolio, making the stock its 4th largest position. P.A.W. Capital Corp’s holdings in AT&T were worth $3,132,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Honkamp Krueger Financial Services Inc. grew its position in shares of AT&T by 7.4% during the 1st quarter. Honkamp Krueger Financial Services Inc. now owns 139,340 shares of the technology company’s stock valued at $5,790,000 after purchasing an additional 9,599 shares in the last quarter. Verus Financial Partners Inc. increased its holdings in shares of AT&T by 25.5% in the first quarter. Verus Financial Partners Inc. now owns 16,531 shares of the technology company’s stock worth $687,000 after purchasing an additional 3,364 shares during the period. Gierl Augustine Investment Management Inc increased its holdings in shares of AT&T by 8.4% in the first quarter. Gierl Augustine Investment Management Inc now owns 91,189 shares of the technology company’s stock worth $3,789,000 after purchasing an additional 7,086 shares during the period. Schneider Downs Wealth Management Advisors LP increased its holdings in shares of AT&T by 5.8% in the first quarter. Schneider Downs Wealth Management Advisors LP now owns 11,010 shares of the technology company’s stock worth $457,000 after purchasing an additional 600 shares during the period. Finally, Lathrop Investment Management Corp increased its holdings in shares of AT&T by 0.3% in the first quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock worth $1,037,000 after purchasing an additional 73 shares during the period. 54.99% of the stock is currently owned by institutional investors and hedge funds.

AT&T Inc. (NYSE:T) traded up 0.191% during mid-day trading on Monday, hitting $39.245. The company had a trading volume of 8,665,027 shares. The stock has a 50 day moving average price of $37.58 and a 200-day moving average price of $38.81. The stock has a market capitalization of $240.96 billion, a PE ratio of 18.442 and a beta of 0.49. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.00%. AT&T’s dividend payout ratio is currently 92.45%.

A number of equities research analysts recently issued reports on the company. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective on the stock in a research report on Wednesday, August 16th. Cowen and Company restated a “market perform” rating and set a $41.00 target price (down from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Thursday, August 24th. Robert W. Baird restated an “outperform” rating and set a $43.00 target price on shares of AT&T in a research report on Thursday, September 21st. Finally, BidaskClub upgraded AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.87.

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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.

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

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