Conning Inc. Has $46.28 Million Holdings in AT&T (T)

Conning Inc. lowered its holdings in AT&T (NYSE:T) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,204,405 shares of the technology company’s stock after selling 10,793 shares during the quarter. AT&T makes up 1.5% of Conning Inc.’s portfolio, making the stock its 4th biggest position. Conning Inc.’s holdings in AT&T were worth $46,283,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of T. Sfmg LLC raised its stake in shares of AT&T by 58.5% during the 3rd quarter. Sfmg LLC now owns 48,102 shares of the technology company’s stock worth $1,884,000 after acquiring an additional 17,748 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of AT&T by 11.3% during the 2nd quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock worth $9,373,000 after acquiring an additional 25,167 shares in the last quarter. Curbstone Financial Management Corp raised its stake in shares of AT&T by 93.6% during the 3rd quarter. Curbstone Financial Management Corp now owns 65,208 shares of the technology company’s stock worth $2,554,000 after acquiring an additional 31,521 shares in the last quarter. Essex Financial Services Inc. raised its stake in shares of AT&T by 1.9% during the 3rd quarter. Essex Financial Services Inc. now owns 161,414 shares of the technology company’s stock worth $6,323,000 after acquiring an additional 2,979 shares in the last quarter. Finally, Harrington Investments INC bought a new position in shares of AT&T during the 3rd quarter worth approximately $626,000. Institutional investors and hedge funds own 55.94% of the company’s stock.

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In other AT&T news, CEO John Donovan acquired 27,997 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $35.68 per share, with a total value of $998,932.96. Following the acquisition, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John T. Stankey sold 2,307 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the sale, the executive vice president now directly owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

T has been the subject of several recent analyst reports. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.60 price objective for the company in a research note on Wednesday, January 10th. 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, February 7th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, March 5th. Guggenheim initiated coverage on shares of AT&T in a research note on Tuesday, March 13th. They set a “buy” rating and a $42.00 price objective for the company. Finally, HSBC upgraded shares of AT&T from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $34.90 to $41.00 in a research note on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.43.

Shares of AT&T stock opened at $35.63 on Monday. The company has a market cap of $218,732.58, a price-to-earnings ratio of 11.68, a P/E/G ratio of 2.45 and a beta of 0.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89. AT&T has a 12-month low of $32.55 and a 12-month high of $40.86.

AT&T (NYSE:T) last released its quarterly earnings data 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 business had revenue of $41.68 billion for the quarter, compared to the consensus estimate 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 for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. research analysts forecast that AT&T will post 3.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Monday, April 9th. AT&T’s dividend payout ratio (DPR) is currently 65.57%.

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AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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