Foster & Motley Inc. Has $2.40 Million Stake in AT&T Inc. (T)

Foster & Motley Inc. decreased its position in AT&T Inc. (NYSE:T) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,185 shares of the technology company’s stock after selling 2,293 shares during the period. Foster & Motley Inc.’s holdings in AT&T were worth $2,397,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in AT&T by 2.2% during the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after acquiring an additional 9,053,649 shares during the last quarter. BlackRock Inc. raised its position in AT&T by 1.1% during the second quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after acquiring an additional 4,104,136 shares during the last quarter. Dimensional Fund Advisors LP raised its position in AT&T by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock worth $2,446,984,000 after acquiring an additional 3,572,307 shares during the last quarter. Wells Fargo & Company MN raised its position in AT&T by 2.7% during the second quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock worth $1,824,633,000 after acquiring an additional 1,263,645 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in AT&T by 13.3% during the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after acquiring an additional 5,619,434 shares during the last quarter. 55.76% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Matthew K. Rose bought 29,600 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

A number of brokerages have issued reports on T. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price for the company. in a research report on Tuesday, September 26th. Moffett Nathanson restated a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Morgan Stanley lifted their target price on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. Finally, Macquarie reiterated a “buy” rating and set a $43.00 price target on shares of AT&T in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.83.

Shares of AT&T Inc. (NYSE T) opened at $38.94 on Friday. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $43.03. The stock has a market cap of $238,684.33, a P/E ratio of 18.81, a P/E/G ratio of 3.23 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.14%. This is an increase from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. AT&T’s payout ratio is presently 94.69%.

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AT&T Company 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.

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

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