AT&T Inc. (T) Shares Bought by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. increased its stake in AT&T Inc. (NYSE:T) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 383,136 shares of the technology company’s stock after acquiring an additional 34,336 shares during the period. AT&T makes up 1.3% of Amica Mutual Insurance Co.’s investment portfolio, making the stock its 9th largest position. Amica Mutual Insurance Co.’s holdings in AT&T were worth $15,007,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted 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 valued at $16,143,056,000 after buying an additional 9,053,649 shares in the last quarter. BlackRock Inc. lifted 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 valued at $13,865,363,000 after buying an additional 4,104,136 shares in the last quarter. Bank of New York Mellon Corp lifted its position in AT&T by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock valued at $2,650,934,000 after buying an additional 1,672,264 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $2,446,984,000 after buying an additional 3,572,307 shares in the last quarter. Finally, Wells Fargo & Company MN lifted 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 valued at $1,824,633,000 after buying an additional 1,263,645 shares in the last quarter. 55.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of AT&T Inc. (T) opened at $36.05 on Friday. 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 stock has a market cap of $224,300.00, a price-to-earnings ratio of 7.51, a P/E/G ratio of 2.55 and a beta of 0.37. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is 41.67%.

In other AT&T news, Director Richard W. Fisher bought 2,600 shares of the stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the purchase, the director now directly owns 2,600 shares in the company, valued at $99,060. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

T has been the topic of a number of analyst reports. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.62 price objective on the stock in a research note on Thursday. Argus reiterated a “buy” rating and set a $36.83 price objective (down previously from $48.00) on shares of AT&T in a research note on Wednesday. Bank of America lifted their price objective on shares of AT&T from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks lifted their price objective 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. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and an average target price of $41.94.

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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.

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

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