Moon Capital Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,834 shares of the technology company’s stock after purchasing an additional 75 shares during the quarter. AT&T accounts for about 0.9% of Moon Capital Management LLC’s holdings, making the stock its 25th biggest holding. Moon Capital Management LLC’s holdings in AT&T were worth $824,000 as of its most recent SEC filing.

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

Several analysts have recently weighed in on T shares. Vetr downgraded shares of 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 reduced their price objective on shares of 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 boosted their price objective on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.87.

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AT&T Inc. (T) traded down 0.7181% on Friday, reaching $38.7398. 11,236,554 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $37.79 and its 200 day moving average is $38.58. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03. The stock has a market capitalization of $237.86 billion, a P/E ratio of 18.2048 and a beta of 0.49. AT&T also was the target of some unusual options trading on Thursday. Stock traders acquired 294,492 call options on the company. This represents an increase of approximately 654% compared to the typical volume of 39,059 call options.

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 the Zacks’ 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 business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same quarter last year, the company posted $0.72 EPS. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that AT&T Inc. will post $2.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 4.96%. AT&T’s payout ratio is presently 92.45%.

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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