Manchester Capital Management LLC lifted its holdings in AT&T Inc. (NYSE:T) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,943 shares of the technology company’s stock after purchasing an additional 1,258 shares during the period. Manchester Capital Management LLC’s holdings in AT&T were worth $702,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of T. Grimes & Company Inc. grew its holdings in AT&T by 0.9% during the 2nd quarter. Grimes & Company Inc. now owns 33,782 shares of the technology company’s stock valued at $1,132,000 after buying an additional 294 shares in the last quarter. Interactive Financial Advisors grew its holdings in AT&T by 16.7% during the 2nd quarter. Interactive Financial Advisors now owns 2,100 shares of the technology company’s stock valued at $70,000 after buying an additional 300 shares in the last quarter. Berkshire Money Management Inc. grew its holdings in AT&T by 3.2% during the 2nd quarter. Berkshire Money Management Inc. now owns 9,891 shares of the technology company’s stock valued at $331,000 after buying an additional 305 shares in the last quarter. Lenox Wealth Management Inc. grew its holdings in AT&T by 6.0% during the 2nd quarter. Lenox Wealth Management Inc. now owns 5,409 shares of the technology company’s stock valued at $181,000 after buying an additional 308 shares in the last quarter. Finally, Centaurus Financial Inc. grew its holdings in AT&T by 24.4% during the 1st quarter. Centaurus Financial Inc. now owns 1,700 shares of the technology company’s stock valued at $54,000 after buying an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 52.63% of the company’s stock.

In other AT&T news, CEO John T. Stankey sold 4,024 shares of AT&T stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total value of $137,419.60. Following the transaction, the chief executive officer now owns 2,366 shares in the company, valued at $80,798.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.

Shares of NYSE:T traded down $0.09 on Friday, hitting $35.30. 180,330 shares of the company’s stock were exchanged, compared to its average volume of 32,778,042. AT&T Inc. has a 12 month low of $26.80 and a 12 month high of $35.50. The stock has a market capitalization of $255.60 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. The business’s 50 day simple moving average is $34.00 and its two-hundred day simple moving average is $32.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89. The firm had revenue of $44.96 billion for the quarter, compared to analyst estimates of $44.97 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Equities analysts forecast that AT&T Inc. will post 3.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.04 annualized dividend and a dividend yield of 5.78%. AT&T’s dividend payout ratio is currently 57.95%.

A number of research firms have recently commented on T. ValuEngine downgraded AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley reiterated a “buy” rating and set a $37.00 target price on shares of AT&T in a research report on Thursday, August 1st. Bank of America reiterated a “buy” rating and set a $37.00 target price on shares of AT&T in a research report on Monday, June 24th. Raymond James increased their target price on AT&T from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Desjardins reiterated an “average” rating and set a $55.50 target price on shares of AT&T in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. AT&T currently has an average rating of “Buy” and a consensus target price of $36.52.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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