The Acropolis Investment Management LLC invests in AT&T Inc. (T) Shares

The Acropolis Investment Management LLC invests in AT&T Inc. (T) Shares

Acropolis Investment Management LLC increased its position in shares of AT&T Inc. (NYSE:T) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 11,663 shares of the company’s stock after buying an additional 213 shares during the period. Acropolis Investment Management LLC’s holdings in AT&T were worth $474,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted 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 valued at $101,000 after buying an additional 1,489 shares during the period. Taylor Wealth Management Partners boosted 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 valued at $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC boosted its stake in shares of AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares during the period. Wealthcare Capital Management LLC acquired a new stake in shares of AT&T during the second quarter valued at about $117,000. Finally, Invictus RG boosted 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 valued at $138,000 after buying an additional 2,560 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Inc. (NYSE:T) traded up 1.24% during midday trading on Friday, hitting $39.21. The stock had a trading volume of 10,844,449 shares. The company has a market cap of $240.79 billion, a price-to-earnings ratio of 16.68 and a beta of 0.35. AT&T Inc. has a 12-month low of $33.01 and a 12-month high of $43.89. The company has a 50-day moving average price of $37.67 and a 200-day moving average price of $40.24.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Wednesday, October 5th. AT&T’s dividend payout ratio is currently 81.70%.

Several brokerages have issued reports on T. Pacific Crest reaffirmed a “hold” rating on shares of AT&T in a research note on Wednesday, September 7th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of AT&T in a research note on Tuesday, November 8th. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $40.71 target price on the stock in a research note on Thursday, October 20th. Independent Research GmbH raised shares of AT&T from a “sell” rating to a “hold” rating and boosted their price target for the company from $36.00 to $39.00 in a research report on Wednesday, October 26th. Finally, Barclays PLC cut shares of AT&T from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $45.00 to $39.00 in a research report on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.24.

In related news, Director Geoffrey Y. Yang bought 27,129 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were acquired at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.07% of the stock is owned by insiders.

About AT&T

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.

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