Patten & Patten Inc. TN trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,040 shares of the technology company’s stock after selling 20,149 shares during the period. AT&T comprises about 1.8% of Patten & Patten Inc. TN’s portfolio, making the stock its 9th largest position. Patten & Patten Inc. TN’s holdings in AT&T were worth $17,770,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. New Capital Management LP boosted its holdings in shares of AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after buying an additional 1,500 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new stake in shares of AT&T in the 3rd quarter valued at about $104,000. Macroview Investment Management LLC boosted its holdings in shares of AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after buying an additional 1,595 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of AT&T in the 2nd quarter valued at about $134,000. Finally, Israel Discount Bank of New York boosted its holdings in shares of AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after buying an additional 25 shares in the last quarter. Institutional investors own 55.92% of the company’s stock.

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AT&T Inc. (T) opened at $35.37 on Friday. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $41.91. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $223,091.27, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 2.52 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. During the same period last year, the firm posted $0.66 EPS. AT&T’s revenue for the quarter was down .4% compared to the same quarter last year. equities analysts predict that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.

T has been the subject of a number of recent analyst reports. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.60 target price for the company in a research note on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and issued a $36.38 target price (down from $48.00) on shares of AT&T in a research note on Friday, December 1st. Argus reiterated a “buy” rating and issued a $36.83 target price (down from $48.00) on shares of AT&T in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Monday, March 5th. Finally, Guggenheim initiated coverage on shares of AT&T in a research note on Tuesday, March 13th. They issued a “buy” rating and a $42.00 target price for the company. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.81.

In other news, CEO John Donovan bought 27,997 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $35.68 per share, with a total value of $998,932.96. Following the acquisition, the chief executive officer now directly owns 179,834 shares in the company, valued at $6,416,477.12. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard W. Fisher bought 2,600 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average cost of $38.10 per share, with a total value of $99,060.00. Following the completion of the acquisition, the director now owns 2,600 shares in the company, valued at $99,060. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

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AT&T 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.

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

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