Wheatland Advisors Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,267 shares of the technology company’s stock after purchasing an additional 105 shares during the quarter. AT&T comprises about 2.4% of Wheatland Advisors Inc.’s portfolio, making the stock its 8th biggest position. Wheatland Advisors Inc.’s holdings in AT&T were worth $2,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ullmann Financial Group Inc. purchased a new position in shares of AT&T in the 1st quarter valued at $101,000. Taylor Wealth Management Partners increased its holdings in shares of AT&T by 0.4% in the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of AT&T in the 1st quarter valued at $109,000. Sterling Investment Advisors Ltd. increased its holdings in shares of AT&T by 289.1% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,024 shares during the period. Finally, CKW Financial Group increased its holdings in shares of AT&T by 83.9% in the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,724 shares during the period. Institutional investors own 55.04% of the company’s stock.

In related news, Director Matthew K. Rose acquired 29,600 shares of AT&T stock in a transaction on Wednesday, October 25th. The stock was acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

A number of research analysts have recently issued reports on the company. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target on the stock in a report on Wednesday, August 16th. Cowen and Company reiterated a “market perform” rating and issued a $41.00 price target (down from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price target on shares of AT&T in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $43.00 price target on shares of AT&T in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.62.

AT&T Inc. (T) opened at $33.07 on Wednesday. The firm has a market capitalization of $203,020.00, a PE ratio of 11.36, a price-to-earnings-growth ratio of 2.68 and a beta of 0.41. AT&T Inc. has a 52 week low of $32.55 and a 52 week high of $43.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.12 and a current ratio of 1.60.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The company had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. equities research analysts expect that AT&T Inc. will post 2.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.93%. AT&T’s payout ratio is currently 94.23%.

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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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