Schaper Benz & Wise Investment Counsel Inc. WI trimmed its position in AT&T Inc. (NYSE:T) by 25.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,781 shares of the technology company’s stock after selling 1,947 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in AT&T were worth $219,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC raised its position in AT&T by 1.3% during the second quarter. Ancora Advisors LLC now owns 351,407 shares of the technology company’s stock valued at $11,776,000 after acquiring an additional 4,370 shares in the last quarter. Kavar Capital Partners LLC raised its position in AT&T by 3.0% during the second quarter. Kavar Capital Partners LLC now owns 99,006 shares of the technology company’s stock valued at $3,318,000 after acquiring an additional 2,914 shares in the last quarter. Investment Partners LTD. raised its position in AT&T by 36.5% during the second quarter. Investment Partners LTD. now owns 33,247 shares of the technology company’s stock valued at $1,114,000 after acquiring an additional 8,892 shares in the last quarter. JGP Wealth Management LLC raised its position in AT&T by 2.7% during the second quarter. JGP Wealth Management LLC now owns 130,198 shares of the technology company’s stock valued at $4,363,000 after acquiring an additional 3,373 shares in the last quarter. Finally, Marco Investment Management LLC raised its position in AT&T by 16.2% during the second quarter. Marco Investment Management LLC now owns 62,639 shares of the technology company’s stock valued at $2,099,000 after acquiring an additional 8,734 shares in the last quarter. Hedge funds and other institutional investors own 52.94% of the company’s stock.

T traded down $0.04 during trading on Friday, hitting $39.38. The company’s stock had a trading volume of 18,628,934 shares, compared to its average volume of 30,604,307. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $39.58. The business’s fifty day simple moving average is $37.83 and its 200 day simple moving average is $34.42. The firm has a market capitalization of $287.75 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 2.47 and a beta of 0.64.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The company had revenue of $44.59 billion for the quarter, compared to analyst estimates of $45.45 billion. AT&T had a return on equity of 13.42% and a net margin of 8.97%. AT&T’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. As a group, equities research analysts forecast that AT&T Inc. will post 3.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Wednesday, October 9th. AT&T’s dividend payout ratio is presently 57.95%.

Several research analysts recently weighed in on T shares. Sanford C. Bernstein started coverage on AT&T in a research report on Tuesday, October 15th. They set a “market perform” rating and a $36.00 price target for the company. Cowen set a $40.00 price objective on AT&T and gave the company a “buy” rating in a report on Friday, September 6th. Bank of America reissued a “buy” rating on shares of AT&T in a report on Monday, September 9th. Credit Suisse Group raised AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 price objective on the stock in a report on Thursday, July 25th. Finally, ValuEngine lowered AT&T from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. AT&T has an average rating of “Hold” and an average price target of $38.90.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Further Reading: How to Profit and Limit Losses With Stop Orders

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.