Benjamin F. Edwards & Company Inc. cut its position in AT&T Inc. (NYSE:T) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,462 shares of the company’s stock after selling 4,632 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in AT&T were worth $2,740,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wealthsource Partners LLC bought a new position in shares of AT&T during the first quarter worth approximately $1,060,000. Envestnet Asset Management Inc. boosted its position in shares of AT&T by 11.8% in the first quarter. Envestnet Asset Management Inc. now owns 1,170,627 shares of the company’s stock worth $45,853,000 after buying an additional 123,132 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of AT&T by 11.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,379,730 shares of the company’s stock worth $54,044,000 after buying an additional 145,620 shares in the last quarter. EFG Asset Management Americas Corp. boosted its position in shares of AT&T by 19.8% in the first quarter. EFG Asset Management Americas Corp. now owns 17,811 shares of the company’s stock worth $717,000 after buying an additional 2,945 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in shares of AT&T by 10.2% in the first quarter. Clark Capital Management Group Inc. now owns 100,582 shares of the company’s stock worth $3,940,000 after buying an additional 9,311 shares in the last quarter. Hedge funds and other institutional investors own 52.95% of the company’s stock.

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

Shares of AT&T Inc. (NYSE:T) traded down 0.15% during trading on Tuesday, reaching $39.48. 19,857,210 shares of the company were exchanged. AT&T Inc. has a 1-year low of $33.01 and a 1-year high of $43.89. The stock has a market capitalization of $242.45 billion, a P/E ratio of 16.79 and a beta of 0.35. The firm has a 50-day moving average price of $37.69 and a 200-day moving average price of $40.25.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.86%. AT&T’s dividend payout ratio (DPR) is 81.70%.

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A number of equities analysts recently commented on the company. Vetr cut AT&T from a “buy” rating to a “hold” rating and set a $40.78 target price on the stock. in a report on Wednesday, October 12th. Drexel Hamilton cut AT&T from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Cowen and Company cut AT&T from an “outperform” rating to a “market perform” rating in a report on Monday, October 24th. Jefferies Group reissued a “buy” rating on shares of AT&T in a report on Wednesday, August 3rd. Finally, Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a report on Monday, October 17th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the stock. AT&T presently has a consensus rating of “Hold” and a consensus price target of $41.24.

In other news, Director Geoffrey Y. Yang purchased 27,129 shares of the company’s stock in a transaction dated Tuesday, October 25th. The stock was acquired at an average price of $36.91 per share, with a total value of $1,001,331.39. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by insiders.

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.

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