Zevin Asset Management LLC Acquires 9,593 Shares of AT&T Inc. (NYSE:T)

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Zevin Asset Management LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 4.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 249,498 shares of the technology company’s stock after buying an additional 9,593 shares during the quarter. AT&T accounts for about 3.0% of Zevin Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Zevin Asset Management LLC’s holdings in AT&T were worth $9,441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Ancora Advisors LLC increased its position in shares of AT&T by 1.3% in the 2nd quarter. Ancora Advisors LLC now owns 351,407 shares of the technology company’s stock valued at $11,776,000 after acquiring an additional 4,370 shares during the period. Kavar Capital Partners LLC increased its position in shares of AT&T by 3.0% in the 2nd quarter. Kavar Capital Partners LLC now owns 99,006 shares of the technology company’s stock valued at $3,318,000 after acquiring an additional 2,914 shares during the period. Investment Partners LTD. increased its position in shares of AT&T by 36.5% in the 2nd quarter. Investment Partners LTD. now owns 33,247 shares of the technology company’s stock valued at $1,114,000 after acquiring an additional 8,892 shares during the period. JGP Wealth Management LLC increased its position in shares of AT&T by 2.7% in the 2nd quarter. JGP Wealth Management LLC now owns 130,198 shares of the technology company’s stock valued at $4,363,000 after acquiring an additional 3,373 shares during the period. Finally, Marco Investment Management LLC increased its position in shares of AT&T by 16.2% in the 2nd quarter. Marco Investment Management LLC now owns 62,639 shares of the technology company’s stock valued at $2,099,000 after acquiring an additional 8,734 shares during the period. Hedge funds and other institutional investors own 52.94% of the company’s stock.

T traded down $0.04 during midday trading on Friday, hitting $39.38. 18,270,257 shares of the company were exchanged, compared to its average volume of 30,604,307. The company’s 50 day simple moving average is $37.87 and its 200 day simple moving average is $34.45. The firm has a market capitalization of $287.75 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 2.47 and a beta of 0.64. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. AT&T Inc. has a 1-year low of $26.80 and a 1-year high of $39.58.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, October 28th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $44.59 billion for the quarter, compared to the consensus estimate of $45.45 billion. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. On average, equities analysts anticipate that AT&T Inc. will post 3.57 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Wednesday, October 9th. AT&T’s dividend payout ratio is currently 57.95%.

Several research firms recently issued reports on T. Credit Suisse Group raised AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 target price on the stock in a research report on Thursday, July 25th. Desjardins reissued an “average” rating and issued a $55.50 target price on shares of AT&T in a research report on Tuesday, August 6th. National Bank Financial upped their target price on AT&T from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada upped their target price on AT&T from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Morgan Stanley set a $37.00 target price on AT&T and gave the company a “buy” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. AT&T has an average rating of “Hold” and a consensus price target of $40.74.

AT&T Profile

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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