Deprince Race & Zollo Inc. grew its stake in AT&T Inc. (NYSE:T) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,196,714 shares of the technology company’s stock after acquiring an additional 67,619 shares during the quarter. AT&T comprises approximately 0.9% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 20th biggest holding. Deprince Race & Zollo Inc.’s holdings in AT&T were worth $45,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Holderness Investments Co. increased 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 valued at $4,008,000 after purchasing an additional 37,234 shares during the last quarter. Doyle Wealth Management increased its stake in AT&T by 4.3% in the second quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock valued at $1,417,000 after purchasing an additional 1,559 shares during the last quarter. Telos Capital Management Inc. increased its stake in AT&T by 4.8% in the second quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock valued at $2,641,000 after purchasing an additional 3,197 shares during the last quarter. Altfest L J & Co. Inc. increased its stake in AT&T by 42.1% in the second quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock valued at $1,721,000 after purchasing an additional 13,510 shares during the last quarter. Finally, Welch Investments LLC increased its stake in AT&T by 9.3% in the second quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock valued at $4,122,000 after purchasing an additional 9,291 shares during the last quarter. Institutional investors and hedge funds own 55.32% of the company’s stock.

In other news, Director Matthew K. Rose bought 29,600 shares of AT&T stock in a transaction on Wednesday, October 25th. The shares were bought at an average price of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

AT&T Inc. (T) opened at $34.64 on Tuesday. The company has a market capitalization of $213,020.00, a PE ratio of 11.78, a P/E/G ratio of 2.78 and a beta of 0.41. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $43.03. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23.

AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $39.67 billion during 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 company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. equities analysts forecast that AT&T Inc. will post 2.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio is currently 94.23%.

Several research firms recently commented on T. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 target price for the company. in a research note on Friday, October 6th. Morgan Stanley upped their target price on AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. BidaskClub upgraded AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, October 11th. Finally, Robert W. Baird restated an “outperform” rating and set a $43.00 price target on shares of AT&T in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.48.

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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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