Seminole Management Co. Inc. decreased its position in shares of AT&T Inc. (NYSE:T) by 80.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274,263 shares of the company’s stock after selling 1,153,760 shares during the period. AT&T comprises about 1.9% of Seminole Management Co. Inc.’s holdings, making the stock its 19th largest position. Seminole Management Co. Inc.’s holdings in AT&T were worth $11,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthsource Partners LLC acquired a new position in AT&T during the first quarter valued at $1,060,000. Envestnet Asset Management Inc. increased its position in 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 during the last quarter. Jacobs Levy Equity Management Inc. increased its position in 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 during the last quarter. EFG Asset Management Americas Corp. increased its position in 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 during the last quarter. Finally, Clark Capital Management Group Inc. increased its position in 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 during the last quarter. Institutional investors own 52.95% of the company’s stock.

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

AT&T Inc. (NYSE:T) traded down 0.063% on Tuesday, hitting $39.515. 9,763,650 shares of the company’s stock traded hands. The stock 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 12 month low of $33.01 and a 12 month high of $43.89. The stock has a market cap of $242.66 billion, a P/E ratio of 16.808 and a beta of 0.35.

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 was Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.90%. AT&T’s payout ratio is 81.70%.

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T has been the subject of several analyst reports. Nomura reiterated a “buy” rating and issued a $46.00 target price on shares of AT&T in a report on Wednesday, October 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 target price on shares of AT&T in a report on Tuesday, October 11th. Wells Fargo & Co. reiterated a “buy” rating on shares of AT&T in a report on Thursday, October 6th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $41.50 target price for the company in a report on Tuesday, October 4th. Finally, Jefferies Group reiterated a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Thursday, September 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.24.

In other AT&T news, Director Geoffrey Y. Yang purchased 27,129 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was acquired 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 SEC, which is available through the SEC website. 0.07% of the stock is owned by company insiders.

AT&T Company Profile

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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