Nicolet Bankshares Inc. raised its position in AT&T Inc. (NYSE:T) by 14.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,148 shares of the technology company’s stock after buying an additional 2,745 shares during the period. Nicolet Bankshares Inc.’s holdings in AT&T were worth $920,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in AT&T by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 4,994 shares of the technology company’s stock valued at $212,000 after buying an additional 15 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in AT&T by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock valued at $398,000 after buying an additional 30 shares during the last quarter. Sterling Global Strategies LLC raised its stake in AT&T by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 11,594 shares of the technology company’s stock valued at $493,000 after buying an additional 49 shares during the last quarter. Lathrop Investment Management Corp raised its stake in AT&T by 0.3% in the first quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock valued at $1,037,000 after buying an additional 73 shares during the last quarter. Finally, Gillespie Robinson & Grimm Inc. raised its stake in AT&T by 1.3% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 7,963 shares of the technology company’s stock valued at $331,000 after buying an additional 100 shares during the last quarter. 55.29% of the stock is owned by institutional investors.

Shares of AT&T Inc. (NYSE:T) traded up 0.170% on Friday, hitting $38.345. The stock had a trading volume of 12,158,828 shares. The firm has a 50 day moving average of $37.65 and a 200 day moving average of $39.78. The stock has a market cap of $235.44 billion, a P/E ratio of 18.096 and a beta of 0.47. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.48.

AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. AT&T’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. On average, equities analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.12%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.

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Several research firms have commented on T. Royal Bank Of Canada set a $42.00 price target on shares of AT&T and gave the company a “hold” rating in a research report on Saturday, May 20th. Vetr downgraded shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price objective on the stock. in a report on Wednesday, July 26th. Cowen and Company restated a “market perform” rating and set a $41.00 price objective (down previously from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Drexel Hamilton restated a “hold” rating on shares of AT&T in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $43.40.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

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