Baker Chad R held its position in shares of AT&T Inc. (NYSE:T) during the third quarter, Holdings Channel reports. The institutional investor owned 80,211 shares of the company’s stock at the end of the third quarter. Baker Chad R’s holdings in AT&T were worth $3,257,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Family Firm Inc. boosted its position in shares of AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock valued at $326,000 after buying an additional 35 shares in the last quarter. Delphi Private Advisors LLC increased its stake in AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock valued at $219,000 after buying an additional 44 shares during the last quarter. Cornerstone Investment Partners LLC increased its stake in AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the last quarter. Cohen Lawrence B increased its stake in AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the last quarter. Finally, Highland Private Wealth Management increased its stake in AT&T by 0.6% in the second quarter. Highland Private Wealth Management now owns 10,720 shares of the company’s stock valued at $464,000 after buying an additional 60 shares during the last quarter. 52.95% of the stock is owned by institutional investors.

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

Shares of AT&T Inc. (NYSE:T) traded down 2.15% during mid-day trading on Wednesday, hitting $38.63. The stock had a trading volume of 32,679,241 shares. AT&T Inc. has a 12 month low of $33.01 and a 12 month high of $43.89. The firm has a 50 day moving average price of $37.70 and a 200-day moving average price of $40.26. The stock has a market cap of $237.23 billion, a P/E ratio of 16.43 and a beta of 0.35.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 10th were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a yield of 4.97%. AT&T’s dividend payout ratio (DPR) is 81.70%.

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Several equities research analysts have recently commented on T shares. Jefferies Group reissued a “buy” rating on shares of AT&T in a report on Wednesday, August 3rd. Vetr raised AT&T from a “sell” rating to a “hold” rating and set a $41.06 price target for the company in a report on Tuesday, August 16th. Pacific Crest reaffirmed a “hold” rating on shares of AT&T in a report on Wednesday, September 7th. HSBC raised AT&T from a “reduce” rating to a “hold” rating and set a $38.00 price target for the company in a report on Monday, September 26th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $45.00 price target on shares of AT&T in a report on Monday, September 26th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $42.41.

In other AT&T news, Director Geoffrey Y. Yang bought 27,129 shares of the firm’s stock in a transaction on Tuesday, October 25th. The shares were acquired at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

AT&T Company Profile

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

5 Day Chart for NYSE:T

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