Shell Asset Management Co. cut its stake in AT&T Inc. (NYSE:T) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,473,765 shares of the company’s stock after selling 63,468 shares during the period. AT&T comprises approximately 1.4% of Shell Asset Management Co.’s investment portfolio, making the stock its 4th largest position. Shell Asset Management Co.’s holdings in AT&T were worth $59,850,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Economic Planning Group Inc. ADV raised its stake in shares of AT&T by 0.4% in the third quarter. American Economic Planning Group Inc. ADV now owns 8,898 shares of the company’s stock valued at $362,000 after buying an additional 32 shares during the last quarter. Family Firm Inc. raised its stake in shares of AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock valued at $326,000 after buying an additional 35 shares during the last quarter. Delphi Private Advisors LLC raised its stake in shares of AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock valued at $219,000 after buying an additional 44 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the last quarter. Finally, Cohen Lawrence B raised its stake in shares of AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the last quarter. 53.56% of the stock is currently owned by institutional investors.

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

AT&T Inc. (NYSE:T) opened at 37.44 on Thursday. The stock’s 50 day moving average price is $38.69 and its 200 day moving average price is $40.34. The firm has a market capitalization of $229.92 billion, a PE ratio of 15.93 and a beta of 0.35. AT&T Inc. has a 52-week low of $32.22 and a 52-week high of $43.89.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 10th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Wednesday, October 5th. AT&T’s dividend payout ratio (DPR) is 81.70%.

Several analysts recently commented on T shares. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of AT&T in a research note on Tuesday. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $47.00 price target on shares of AT&T in a research note on Monday. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $40.45 price target on the stock. in a research note on Monday. Independent Research GmbH raised AT&T from a “sell” rating to a “hold” rating and boosted their price target for the company from $36.00 to $39.00 in a research note on Wednesday, October 26th. Finally, Barclays PLC lowered AT&T from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $45.00 to $39.00 in a research note on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $41.43.

In other news, Director Geoffrey Y. Yang acquired 27,129 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were bought at an average price of $36.91 per share, with a total value of $1,001,331.39. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

5 Day Chart for NYSE:T

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