Burke & Herbert Bank & Trust Co. increased its position in shares of AT&T Inc. (NYSE:T) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,777 shares of the technology company’s stock after purchasing an additional 50 shares during the period. AT&T makes up approximately 1.1% of Burke & Herbert Bank & Trust Co.’s portfolio, making the stock its 28th largest position. Burke & Herbert Bank & Trust Co.’s holdings in AT&T were worth $1,237,000 at the end of the most recent quarter.

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

AT&T Inc. (NYSE:T) traded up 0.33% during mid-day trading on Friday, hitting $39.17. 21,961,431 shares of the stock traded hands. AT&T Inc. has a 12-month low of $35.10 and a 12-month high of $43.03. The firm has a market cap of $240.50 billion, a PE ratio of 18.41 and a beta of 0.49. The stock has a 50 day moving average price of $37.58 and a 200 day moving average price of $38.81.

AT&T (NYSE:T) last released its 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 business 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. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts expect that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.

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

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Several research firms recently issued reports on T. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price target for the company. in a report on Tuesday. Morgan Stanley increased their price target on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday. BidaskClub raised shares of AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Drexel Hamilton reissued a “hold” rating on shares of AT&T in a report on Friday, June 2nd. 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 stock. The stock has an average rating of “Hold” and an average target price 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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