Willingdon Wealth Management lowered its stake in shares of AT&T Inc. (NYSE:T) by 32.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,181 shares of the technology company’s stock after selling 31,692 shares during the period. AT&T accounts for 1.1% of Willingdon Wealth Management’s portfolio, making the stock its 26th largest position. Willingdon Wealth Management’s holdings in AT&T were worth $2,750,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of T. Feltz Wealth PLAN Inc. acquired a new position in AT&T during the first quarter valued at $104,000. Taylor Wealth Management Partners increased its position in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the period. Asset Planning Services Ltd. increased its position in AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock valued at $173,000 after buying an additional 877 shares during the period. Israel Discount Bank of New York GFN acquired a new position in AT&T during the fourth quarter valued at $196,000. Finally, Toth Financial Advisory Corp acquired a new position in AT&T during the first quarter valued at $214,000. Hedge funds and other institutional investors own 55.24% of the company’s stock.

Shares of AT&T Inc. (T) traded up 0.82% on Friday, reaching $37.99. 14,187,866 shares of the company’s stock were exchanged. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.03. The firm’s 50 day moving average price is $37.60 and its 200-day moving average price is $39.38. The company has a market capitalization of $233.26 billion, a P/E ratio of 17.85 and a beta of 0.47.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that AT&T Inc. will post $2.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.16%. AT&T’s dividend payout ratio is currently 92.45%.

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Several research firms have issued reports on T. Deutsche Bank AG reaffirmed a “hold” rating and set a $41.00 price target (down from $42.00) on shares of AT&T in a research note on Saturday, April 29th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada set a $42.00 price target on shares of AT&T and gave the stock a “hold” rating in a research note on Saturday, May 20th. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target on the stock in a research note on Wednesday, June 21st. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $43.50.

About AT&T

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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