Todays Report: Today, Bartlett & Co. LLC invests in AT&T Inc. (T) Shares

Today, Bartlett & Co. LLC invests in AT&T Inc. (T) Shares

Bartlett & Co. LLC raised its stake in AT&T Inc. (NYSE:T) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,472 shares of the company’s stock after buying an additional 258 shares during the period. Bartlett & Co. LLC’s holdings in AT&T were worth $1,847,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Nuveen Asset Management LLC increased its stake in AT&T by 10.3% in the first quarter. Nuveen Asset Management LLC now owns 1,984,143 shares of the company’s stock worth $77,719,000 after buying an additional 185,925 shares during the period. AMP Capital Investors Ltd increased its stake in AT&T by 35.3% in the first quarter. AMP Capital Investors Ltd now owns 2,761,479 shares of the company’s stock worth $108,721,000 after buying an additional 720,533 shares during the period. Williams Jones & Associates LLC increased its stake in AT&T by 11.0% in the first quarter. Williams Jones & Associates LLC now owns 59,221 shares of the company’s stock worth $2,320,000 after buying an additional 5,862 shares during the period. Invictus RG increased its stake in 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. Finally, National Pension Service increased its stake in AT&T by 4.2% in the first quarter. National Pension Service now owns 3,129,600 shares of the company’s stock worth $122,586,000 after buying an additional 125,682 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

AT&T Inc. (NYSE:T) traded up 1.24% during mid-day trading on Friday, reaching $39.21. The company had a trading volume of 10,844,449 shares. AT&T Inc. has a one year low of $33.01 and a one year high of $43.89. The stock has a 50 day moving average price of $37.67 and a 200 day moving average price of $40.24. The company has a market capitalization of $240.79 billion, a P/E ratio of 16.68 and a beta of 0.35.

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

A number of research analysts have recently commented on T shares. Zacks Investment Research lowered AT&T from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $41.05 price objective on the stock. in a report on Tuesday, November 1st. Jefferies Group reissued a “buy” rating and set a $48.00 price objective on shares of AT&T in a report on Thursday, September 15th. Barclays PLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of AT&T in a report on Monday, September 26th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, October 6th. Two equities research 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’s stock. AT&T has an average rating of “Hold” and an average target price of $41.24.

In other news, Director Geoffrey Y. Yang bought 27,129 shares of AT&T stock in a transaction dated 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 document filed with the SEC, which is available 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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