Appleton Partners Inc. MA Has $4.08 Million Stock Position in AT&T Inc. (NYSE:T)

Appleton Partners Inc. MA raised its holdings in AT&T Inc. (NYSE:T) by 1.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 151,083 shares of the technology company’s stock after acquiring an additional 2,043 shares during the period. Appleton Partners Inc. MA’s holdings in AT&T were worth $4,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in T. BlackRock Inc. grew its holdings in AT&T by 3.4% in the 2nd quarter. BlackRock Inc. now owns 508,851,017 shares of the technology company’s stock valued at $14,644,734,000 after buying an additional 16,734,100 shares during the last quarter. Amundi acquired a new stake in AT&T in the 2nd quarter valued at approximately $356,207,000. State Street Corp grew its holdings in AT&T by 3.1% in the 2nd quarter. State Street Corp now owns 296,845,308 shares of the technology company’s stock valued at $8,543,208,000 after buying an additional 8,812,329 shares during the last quarter. FMR LLC lifted its position in shares of AT&T by 46.8% in the 2nd quarter. FMR LLC now owns 21,286,901 shares of the technology company’s stock worth $612,637,000 after acquiring an additional 6,789,539 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of AT&T by 147.0% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,981,484 shares of the technology company’s stock worth $258,487,000 after acquiring an additional 5,345,756 shares during the period. 51.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on T shares. Loop Capital started coverage on AT&T in a research report on Monday, September 20th. They issued a “hold” rating and a $30.00 price objective for the company. Moffett Nathanson upgraded AT&T from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, October 7th. KeyCorp upgraded AT&T from an “underweight” rating to a “sector weight” rating in a research report on Thursday, October 14th. Citigroup reduced their price objective on AT&T from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, October 19th. Finally, Barclays cut their target price on AT&T from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, October 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.13.

In other AT&T news, Director Stephen J. Luczo bought 100,000 shares of AT&T stock in a transaction on Monday, November 8th. The shares were purchased at an average cost of $25.04 per share, for a total transaction of $2,504,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.08% of the company’s stock.

T stock traded down $0.29 during midday trading on Thursday, hitting $24.47. 33,684,130 shares of the company’s stock were exchanged, compared to its average volume of 41,300,453. The stock’s fifty day moving average price is $25.85 and its 200-day moving average price is $27.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.66 and a current ratio of 0.70. The company has a market cap of $174.72 billion, a PE ratio of 203.93, a price-to-earnings-growth ratio of 2.01 and a beta of 0.70. AT&T Inc. has a one year low of $23.96 and a one year high of $33.88.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 20th. The technology company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.09. The firm had revenue of $39.90 billion for the quarter, compared to analyst estimates of $42.37 billion. AT&T had a return on equity of 13.47% and a net margin of 0.67%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. On average, analysts expect that AT&T Inc. will post 3.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 1st. Shareholders of record on Monday, October 11th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, October 7th. This represents a $2.08 annualized dividend and a yield of 8.50%. AT&T’s dividend payout ratio is presently 1,733.48%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.

Featured Article: What is Liquidity?

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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.