Swarthmore Group Inc. increased its stake in shares of AT&T Inc. (NYSE:T) by 342.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,425 shares of the company’s stock after buying an additional 110,200 shares during the period. AT&T accounts for about 1.1% of Swarthmore Group Inc.’s portfolio, making the stock its 25th largest position. Swarthmore Group Inc.’s holdings in AT&T were worth $5,784,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its position in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares in the last quarter. Taylor Wealth Management Partners increased its position in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC increased its position in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Wealthcare Capital Management LLC acquired a new position in AT&T during the second quarter valued at $117,000. Finally, Tuttle Tactical Management LLC acquired a new position in AT&T during the second quarter valued at $152,000. 52.95% of the stock is currently owned by institutional investors and hedge funds.

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

AT&T Inc. (NYSE:T) traded down 0.291% during mid-day trading on Tuesday, hitting $39.425. 14,946,137 shares of the stock were exchanged. The company has a market cap of $242.11 billion, a P/E ratio of 16.769 and a beta of 0.35. The company has a 50-day moving average price of $37.69 and a 200-day moving average price of $40.25. AT&T Inc. has a one year low of $33.01 and a one year high of $43.89.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.86%. AT&T’s dividend payout ratio is 81.70%.

TRADEMARK VIOLATION NOTICE: “AT&T Inc. (T) Position Raised by Swarthmore Group Inc.” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/29/att-inc-t-position-raised-by-swarthmore-group-inc.html.

Several research firms recently issued reports on T. Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $40.78 price objective for the company. in a research report on Wednesday, October 12th. Drexel Hamilton cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Cowen and Company cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Monday, October 24th. Jefferies Group reiterated a “buy” rating on shares of AT&T in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Monday, October 17th. 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 currently has an average rating of “Hold” and a consensus target price of $41.24.

In related news, Director Geoffrey Y. Yang bought 27,129 shares of AT&T stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through this hyperlink. 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

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