Pekin Singer Strauss Asset Management IL lifted its stake in AT&T Inc. (NYSE:T) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,371 shares of the technology company’s stock after buying an additional 691 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in AT&T were worth $3,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in shares of AT&T by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,368,641 shares of the technology company’s stock worth $881,699,000 after purchasing an additional 1,011,014 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of AT&T by 0.8% in 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 purchasing an additional 143,884 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of AT&T by 7.1% in 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 purchasing an additional 1,117,300 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of AT&T by 6.4% in 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 purchasing an additional 532,249 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its stake in shares of AT&T by 11.0% in 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 purchasing an additional 597,735 shares during the last quarter. Hedge funds and other institutional investors own 55.04% of the company’s stock.

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In other news, Director Matthew K. Rose bought 29,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

Shares of AT&T Inc. (T) opened at $34.22 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $208,726.00, a price-to-earnings ratio of 11.60, a PEG ratio of 2.74 and a beta of 0.42. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $43.03.

AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. research analysts anticipate that AT&T Inc. will post 2.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 5.73%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio is currently 94.69%.

Several research firms have weighed in on T. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price objective on the stock. in a research report on Friday, October 6th. Morgan Stanley lifted their price objective on AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 27th. BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $43.00 price objective on shares of AT&T in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.48.

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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