AT&T Inc. (T) Shares Sold by Chicago Equity Partners LLC

Chicago Equity Partners LLC reduced its holdings in AT&T Inc. (NYSE:T) by 14.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 497,949 shares of the technology company’s stock after selling 81,832 shares during the quarter. AT&T makes up about 0.6% of Chicago Equity Partners LLC’s holdings, making the stock its 24th largest holding. Chicago Equity Partners LLC’s holdings in AT&T were worth $19,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. New Capital Management LP boosted its stake in shares of AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,500 shares during the last quarter. Macroview Investment Management LLC boosted its stake in shares of AT&T by 144.3% in the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of AT&T in the second quarter worth approximately $134,000. CKW Financial Group boosted its stake in shares of AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,724 shares during the last quarter. Finally, Israel Discount Bank of New York boosted its stake in shares of AT&T by 0.6% in the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after acquiring an additional 25 shares during the last quarter. 55.76% of the stock is currently owned by institutional investors.

Shares of AT&T Inc. (NYSE T) opened at $36.90 on Friday. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $42.70. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $226,530.00, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.94 and a beta of 0.44.

AT&T (NYSE:T) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. AT&T’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities research analysts expect that AT&T Inc. will post 2.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a $0.50 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.42%. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is currently 96.15%.

A number of brokerages recently commented on T. Oppenheimer reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. Citigroup lifted their price objective on AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Zacks Investment Research downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Deutsche Bank reduced their price objective on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $42.59.

In other AT&T news, Director Matthew K. Rose bought 29,600 shares of AT&T stock in a transaction on Wednesday, October 25th. The shares were bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is owned by insiders.

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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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