Ropes Wealth Advisors LLC raised its holdings in AT&T Inc. (NYSE:T) by 2.8% in the third quarter, HoldingsChannel.com reports. The fund owned 68,490 shares of the technology company’s stock after buying an additional 1,834 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in AT&T were worth $2,683,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in T. New Capital Management LP raised its stake in shares of AT&T by 130.9% during the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after buying an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new position in AT&T in the 3rd quarter valued at about $104,000. Macroview Investment Management LLC raised its stake in AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after purchasing an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in AT&T in the 2nd quarter valued at about $134,000. Finally, CKW Financial Group raised its stake in AT&T by 83.9% in the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,724 shares during the last quarter. 55.39% of the stock is owned by institutional investors.

Shares of AT&T Inc. (NYSE T) opened at $36.60 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $224,690.00, a PE ratio of 7.63, a price-to-earnings-growth ratio of 2.49 and a beta of 0.37. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $42.70.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.65 by $0.13. The company had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. equities research analysts forecast that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a $0.50 dividend. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, January 9th. This represents a $2.00 annualized dividend and a yield of 5.46%. AT&T’s payout ratio is 41.67%.

In other news, CEO John Donovan bought 27,997 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $35.68 per share, for a total transaction of $998,932.96. Following the acquisition, the chief executive officer now owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard W. Fisher bought 2,600 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $38.10 per share, with a total value of $99,060.00. Following the acquisition, the director now directly owns 2,600 shares in the company, valued at approximately $99,060. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

Several brokerages recently weighed in on T. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks boosted their target price on shares of AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. KeyCorp boosted their target price on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $39.75 target price for the company. in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $41.92.

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AT&T Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

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