Bank of The West lifted its position in shares of AT&T Inc. (NYSE:T) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,330 shares of the technology company’s stock after acquiring an additional 212 shares during the quarter. Bank of The West’s holdings in AT&T were worth $2,314,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Holderness Investments Co. grew its position in shares of AT&T by 62.9% in the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock worth $4,008,000 after buying an additional 37,234 shares during the last quarter. Shell Asset Management Co. grew its position in shares of AT&T by 0.4% in the 1st quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock worth $51,770,000 after buying an additional 5,354 shares during the last quarter. State of Wisconsin Investment Board grew its position in shares of AT&T by 11.0% in 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 buying an additional 597,735 shares during the last quarter. Westover Capital Advisors LLC grew its position in shares of AT&T by 4.0% in the 1st quarter. Westover Capital Advisors LLC now owns 74,969 shares of the technology company’s stock worth $3,115,000 after buying an additional 2,854 shares during the last quarter. Finally, Argent Capital Management LLC grew its position in shares of AT&T by 1.5% in the 1st quarter. Argent Capital Management LLC now owns 300,177 shares of the technology company’s stock worth $12,472,000 after buying an additional 4,329 shares during the last quarter. Institutional investors own 54.99% of the company’s stock.

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AT&T Inc. (T) traded up 0.33% during trading on Friday, reaching $39.17. 21,961,431 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $37.58 and its 200-day moving average price is $38.81. AT&T Inc. has a 52 week low of $35.10 and a 52 week high of $43.03. The stock has a market capitalization of $240.50 billion, a price-to-earnings ratio of 18.41 and a beta of 0.49.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.00%. AT&T’s dividend payout ratio is currently 92.45%.

T has been the subject of a number of recent research reports. Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target for the company in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of AT&T in a research note on Wednesday, June 28th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.87.

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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