AT&T Inc. (NYSE:T) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 97,045,568 shares, a growth of 9.9% from the October 14th total of 88,305,969 shares. Based on an average daily volume of 38,842,952 shares, the short-interest ratio is presently 2.5 days. Approximately 1.6% of the shares of the stock are sold short.

In other news, Director Geoffrey Y. Yang bought 27,129 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was purchased at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Crawford Investment Counsel Inc. raised its stake in shares of AT&T by 10.4% in the third quarter. Crawford Investment Counsel Inc. now owns 1,409,379 shares of the company’s stock valued at $57,235,000 after buying an additional 132,621 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of AT&T by 4.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,116,433 shares of the company’s stock valued at $45,338,000 after buying an additional 44,378 shares during the last quarter. Convergence Investment Partners LLC raised its stake in shares of AT&T by 105.1% in the third quarter. Convergence Investment Partners LLC now owns 283,128 shares of the company’s stock valued at $11,498,000 after buying an additional 145,111 shares during the last quarter. Lincoln National Corp raised its stake in shares of AT&T by 11.9% in the third quarter. Lincoln National Corp now owns 94,484 shares of the company’s stock valued at $3,837,000 after buying an additional 10,059 shares during the last quarter. Finally, Brown Advisory Securities LLC raised its position in AT&T by 2.4% in the third quarter. Brown Advisory Securities LLC now owns 73,295 shares of the company’s stock valued at $2,974,000 after buying an additional 1,687 shares in the last quarter. Hedge funds and other institutional investors own 53.56% of the company’s stock.

T has been the subject of a number of recent research reports. Jefferies Group reiterated a “buy” rating on shares of AT&T in a research report on Wednesday, August 3rd. Argus reiterated a “buy” rating and set a $51.00 price objective (up previously from $45.00) on shares of AT&T in a research report on Tuesday, July 26th. S&P Equity Research set a $46.00 price objective on AT&T and gave the company a “buy” rating in a research report on Sunday, July 24th. Barclays PLC reiterated a “buy” rating on shares of AT&T in a research report on Sunday, July 17th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $45.00 price objective on shares of AT&T in a research report on Sunday, July 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.43.

AT&T (NYSE:T) opened at 36.51 on Monday. The company has a 50-day moving average of $38.45 and a 200 day moving average of $40.30. The firm has a market cap of $224.21 billion, a price-to-earnings ratio of 15.53 and a beta of 0.35. AT&T has a 52-week low of $32.22 and a 52-week high of $43.89.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 5.26%. AT&T’s payout ratio is currently 81.70%.

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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