Chevy Chase Trust Holdings Inc. lowered its position in shares of AT&T Inc. (NYSE:T) by 2.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,455,505 shares of the company’s stock after selling 152,748 shares during the period. AT&T comprises about 1.2% of Chevy Chase Trust Holdings Inc.’s portfolio, making the stock its 12th largest position. Chevy Chase Trust Holdings Inc. owned about 0.09% of AT&T worth $221,549,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of T. Capital International Investors boosted its position in AT&T by 230.7% in the second quarter. Capital International Investors now owns 17,502,280 shares of the company’s stock valued at $756,274,000 after buying an additional 12,209,300 shares during the last quarter. Vanguard Group Inc. boosted its position in AT&T by 2.6% in the second quarter. Vanguard Group Inc. now owns 384,136,905 shares of the company’s stock valued at $16,598,555,000 after buying an additional 9,838,198 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in AT&T during the second quarter valued at $387,606,000. BlackRock Fund Advisors boosted its position in AT&T by 6.4% in the second quarter. BlackRock Fund Advisors now owns 84,651,726 shares of the company’s stock valued at $3,657,801,000 after buying an additional 5,072,060 shares during the last quarter. Finally, FMR LLC boosted its position in AT&T by 6.4% in the second quarter. FMR LLC now owns 80,965,668 shares of the company’s stock valued at $3,498,528,000 after buying an additional 4,882,241 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of AT&T Inc. (NYSE:T) traded up 1.24% during midday trading on Friday, reaching $39.21. 10,844,449 shares of the company traded hands. The company has a market capitalization of $240.79 billion, a PE ratio of 16.68 and a beta of 0.35. AT&T Inc. has a 1-year low of $33.01 and a 1-year high of $43.89. The company has a 50 day moving average price of $37.67 and a 200 day moving average price of $40.24.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th were given a $0.48 dividend. The ex-dividend date was Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.90%. AT&T’s dividend payout ratio (DPR) is 81.70%.

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Several brokerages recently issued reports on T. Pacific Crest reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, September 7th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of AT&T in a research report on Tuesday, November 8th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $40.71 target price for the company in a research report on Thursday, October 20th. Independent Research GmbH upgraded shares of AT&T from a “sell” rating to a “hold” rating and upped their target price for the stock from $36.00 to $39.00 in a research report on Wednesday, October 26th. Finally, Barclays PLC lowered shares of AT&T from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $45.00 to $39.00 in a research report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the stock. AT&T has a consensus rating of “Hold” and an average price target of $41.24.

In related news, Director Geoffrey Y. Yang acquired 27,129 shares of the stock in a transaction on Tuesday, October 25th. The stock was bought at an average cost of $36.91 per share, with a total value of $1,001,331.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by company insiders.

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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