GW&K Investment Management LLC raised its holdings in AT&T Inc. (NYSE:T) by 23.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 932,004 shares of the technology company’s stock after purchasing an additional 175,469 shares during the quarter. GW&K Investment Management LLC’s holdings in AT&T were worth $35,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in T. Schwab Charles Investment Management Inc. boosted its stake in shares of AT&T by 4.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock worth $928,960,000 after acquiring an additional 985,330 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of AT&T by 0.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock worth $744,385,000 after acquiring an additional 143,884 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of AT&T by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 8,314,812 shares of the technology company’s stock worth $345,245,000 after acquiring an additional 62,384 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of AT&T by 11.0% during the 1st quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock worth $251,456,000 after acquiring an additional 597,735 shares in the last quarter. Finally, Thomaspartners Inc. boosted its stake in shares of AT&T by 9.0% during the 1st quarter. Thomaspartners Inc. now owns 5,712,904 shares of the technology company’s stock worth $237,371,000 after acquiring an additional 470,906 shares in the last quarter. 54.99% of the stock is currently owned by institutional investors.

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Shares of AT&T Inc. (NYSE T) traded up 0.52% during mid-day trading on Thursday, reaching $38.97. 6,006,788 shares of the company were exchanged. The company has a market capitalization of $239.28 billion, a price-to-earnings ratio of 18.31 and a beta of 0.49. The firm’s 50-day moving average is $37.58 and its 200-day moving average is $38.81. AT&T Inc. has a 12 month low of $35.10 and a 12 month high of $43.03.

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

Several research analysts recently issued reports on T shares. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price objective for the company. in a research report on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of AT&T in a research report on Thursday, August 24th. Macquarie restated a “buy” rating and set a $43.00 price objective on shares of AT&T in a research report on Friday, September 1st. Barclays PLC cut their price objective on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, July 14th. Finally, Morgan Stanley lifted their price objective on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. AT&T presently has a consensus rating of “Hold” and a consensus price target of $43.87.

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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