Cohen Lawrence B cut its position in shares of AT&T Inc. (NYSE:T) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,285 shares of the company’s stock after selling 300 shares during the period. Cohen Lawrence B’s holdings in AT&T were worth $540,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in T. Proficio Capital Partners LLC increased its stake in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares during the period. Taylor Wealth Management Partners increased its stake in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock worth $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC increased its stake in shares of AT&T by 3.8% in the third quarter. WealthTrust Arizona LLC now owns 2,712 shares of the company’s stock worth $110,000 after buying an additional 100 shares during the period. Wealthcare Capital Management LLC bought a new stake in shares of AT&T during the second quarter worth about $117,000. Finally, Invictus RG increased its stake in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock worth $138,000 after buying an additional 2,560 shares during the period. Institutional investors own 53.97% of the company’s stock.
AT&T Inc. (NYSE:T) traded up 1.24% on Friday, reaching $39.21. The company’s stock had a trading volume of 10,844,449 shares. The firm’s 50 day moving average price is $37.67 and its 200-day moving average price is $40.24. AT&T Inc. has a 52 week low of $33.01 and a 52 week high of $43.89. The company has a market capitalization of $240.79 billion, a price-to-earnings ratio of 16.68 and a beta of 0.35.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.90%. AT&T’s dividend payout ratio is presently 81.70%.
A number of brokerages have issued reports on T. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $39.81 target price for the company. in a research note on Tuesday. Deutsche Bank AG cut their target price on AT&T from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 14th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of AT&T in a research note on Tuesday, November 8th. Credit Suisse Group AG reissued a “buy” rating and set a $47.00 price objective on shares of AT&T in a research report on Monday, November 7th. Finally, Independent Research GmbH raised AT&T from a “sell” rating to a “hold” rating and raised their price objective for the stock from $36.00 to $39.00 in a research report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. AT&T presently has an average rating of “Hold” and an average price target of $41.24.
In other news, Director Geoffrey Y. Yang purchased 27,129 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was bought at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.07% of the company’s stock.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.