Parkside Financial Bank & Trust lowered its holdings in AT&T Inc. (NYSE:T) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,625 shares of the technology company’s stock after selling 360 shares during the period. Parkside Financial Bank & Trust’s holdings in AT&T were worth $1,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of T. Centaurus Financial Inc. boosted its holdings in shares of AT&T by 24.4% during the 1st quarter. Centaurus Financial Inc. now owns 1,700 shares of the technology company’s stock valued at $54,000 after acquiring an additional 333 shares during the last quarter. Bath Savings Trust Co lifted its holdings in AT&T by 3.1% during the second quarter. Bath Savings Trust Co now owns 78,175 shares of the technology company’s stock valued at $2,620,000 after purchasing an additional 2,334 shares in the last quarter. First Financial Bank Trust Division lifted its holdings in AT&T by 3.6% during the second quarter. First Financial Bank Trust Division now owns 195,895 shares of the technology company’s stock valued at $6,564,000 after purchasing an additional 6,793 shares in the last quarter. Park National Corp OH lifted its holdings in AT&T by 33.4% during the second quarter. Park National Corp OH now owns 639,378 shares of the technology company’s stock valued at $21,426,000 after purchasing an additional 160,252 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in AT&T by 3.6% during the second quarter. Private Trust Co. NA now owns 124,260 shares of the technology company’s stock valued at $4,163,000 after purchasing an additional 4,297 shares in the last quarter. 52.94% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on T shares. Morgan Stanley set a $37.00 price target on shares of AT&T and gave the company a “buy” rating in a report on Tuesday, September 10th. ValuEngine downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Raymond James reaffirmed a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of AT&T in a report on Tuesday, October 29th. Credit Suisse Group upgraded shares of AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 25th. Finally, National Bank Financial lifted their price objective on shares of AT&T from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. AT&T presently has a consensus rating of “Hold” and an average price target of $40.74.

Shares of AT&T stock traded down $0.04 on Friday, hitting $39.38. 18,270,257 shares of the company traded hands, compared to its average volume of 30,604,307. The stock has a market capitalization of $287.75 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 2.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.74. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $39.58. The business has a 50-day simple moving average of $37.87 and a 200 day simple moving average of $34.45.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, October 28th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The company had revenue of $44.59 billion for the quarter, compared to analysts’ expectations of $45.45 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. AT&T’s quarterly revenue was down 2.5% on a year-over-year basis. Research analysts expect that AT&T Inc. will post 3.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Wednesday, October 9th. AT&T’s dividend payout ratio is presently 57.95%.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Recommended Story: How to Track your Portfolio in Google Finance

Institutional Ownership by Quarter for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.