NewFocus Financial Group LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 1.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 44,855 shares of the technology company’s stock after buying an additional 559 shares during the period. AT&T accounts for 1.2% of NewFocus Financial Group LLC’s portfolio, making the stock its 29th largest position. NewFocus Financial Group LLC’s holdings in AT&T were worth $1,864,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Taylor Wealth Management Partners boosted its stake in shares of 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. Cornerstone Investment Partners LLC boosted its stake in shares of 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 period. Cedar Wealth Management LLC boosted its stake in shares of AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after buying an additional 50 shares during the period. Lathrop Investment Management Corp boosted its stake in shares of 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 period. Finally, Gillespie Robinson & Grimm Inc. boosted its stake in shares of 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 period. 55.00% of the stock is currently owned by institutional investors and hedge funds.

AT&T Inc. (NYSE T) traded up 0.013% during midday trading on Thursday, hitting $37.675. The stock had a trading volume of 4,645,369 shares. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.03. The stock has a market cap of $231.32 billion, a price-to-earnings ratio of 17.704 and a beta of 0.47. The stock has a 50 day moving average of $37.60 and a 200 day moving average of $39.38.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.20%. AT&T’s dividend payout ratio (DPR) is 92.45%.

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Several brokerages have recently commented on T. Royal Bank Of Canada set a $42.00 price objective on AT&T and gave the company a “hold” rating in a report on Saturday, May 20th. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective for the company in a report on Wednesday, August 16th. Cowen and Company reiterated 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. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price objective on shares of AT&T in a report on Thursday, August 24th. Finally, Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.50.

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.

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

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