Foundry Partners LLC raised its position in shares of AT&T Inc. (NYSE:T) by 33.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 792,960 shares of the company’s stock after buying an additional 196,800 shares during the period. AT&T comprises about 1.7% of Foundry Partners LLC’s holdings, making the stock its largest position. Foundry Partners LLC’s holdings in AT&T were worth $32,202,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in T. Wealthsource Partners LLC purchased a new position in shares of AT&T during the first quarter valued at about $1,060,000. Envestnet Asset Management Inc. boosted its position in shares of AT&T by 11.8% in the first quarter. Envestnet Asset Management Inc. now owns 1,170,627 shares of the company’s stock valued at $45,853,000 after buying an additional 123,132 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of AT&T by 11.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,379,730 shares of the company’s stock valued at $54,044,000 after buying an additional 145,620 shares in the last quarter. EFG Asset Management Americas Corp. boosted its position in shares of AT&T by 19.8% in the first quarter. EFG Asset Management Americas Corp. now owns 17,811 shares of the company’s stock valued at $717,000 after buying an additional 2,945 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in shares of AT&T by 10.2% in the first quarter. Clark Capital Management Group Inc. now owns 100,582 shares of the company’s stock valued at $3,940,000 after buying an additional 9,311 shares in the last quarter. 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 0.53% during mid-day trading on Tuesday, reaching $39.33. 3,199,798 shares of the company were exchanged. The stock’s 50-day moving average is $37.69 and its 200-day moving average is $40.25. The company has a market cap of $241.53 billion, a P/E ratio of 16.73 and a beta of 0.35. AT&T Inc. has a 12 month low of $33.01 and a 12 month high of $43.89.

The company also recently announced 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 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Wednesday, October 5th. AT&T’s payout ratio is currently 81.70%.

COPYRIGHT VIOLATION WARNING: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was stolen and republished in violation of United States and international copyright law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/29/att-inc-t-shares-bought-by-foundry-partners-llc.html.

A number of equities analysts have recently weighed in on the stock. Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $40.78 price target on the stock. in a research note on Wednesday, October 12th. Drexel Hamilton cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. Cowen and Company cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Monday, October 24th. Jefferies Group reaffirmed a “buy” rating on shares of AT&T in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Monday, October 17th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.24.

In related news, Director Geoffrey Y. Yang purchased 27,129 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were purchased 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 is available at 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

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.