Jaffetilchin Investment Partners LLC trimmed its stake in AT&T Inc. (NYSE:T) by 38.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,443 shares of the technology company’s stock after selling 5,959 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in AT&T were worth $356,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State of Wisconsin Investment Board grew its position in AT&T by 22.8% during the second quarter. State of Wisconsin Investment Board now owns 7,432,813 shares of the technology company’s stock valued at $280,440,000 after acquiring an additional 1,380,930 shares during the last quarter. APG Asset Management N.V. grew its position in AT&T by 7.1% during the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock valued at $638,314,000 after acquiring an additional 1,117,300 shares during the last quarter. Achmea Investment Management B.V. bought a new position in AT&T during the first quarter valued at approximately $42,198,000. Schwab Charles Investment Management Inc. grew its position in AT&T by 4.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 23,368,641 shares of the technology company’s stock valued at $881,699,000 after acquiring an additional 1,011,014 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its position in AT&T by 3,465.2% during the second quarter. Harbour Capital Advisors LLC now owns 883,674 shares of the technology company’s stock valued at $23,421,000 after acquiring an additional 858,888 shares during the last quarter. Institutional investors own 55.21% of the company’s stock.

T has been the topic of a number of recent research reports. Zacks Investment Research cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective for the company. in a research note on Tuesday, September 26th. Deutsche Bank AG dropped their price objective on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Moffett Nathanson reissued a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $36.00 price objective on shares of AT&T in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average price target of $43.48.

In related news, Director Matthew K. Rose purchased 29,600 shares of AT&T stock in a transaction dated Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by company insiders.

AT&T Inc. (T) opened at $34.51 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $211,920.00, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 2.72 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.

AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. equities research analysts forecast that AT&T Inc. will post 2.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.68%. AT&T’s payout ratio is presently 94.23%.

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AT&T 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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