AT&T Inc. (NYSE:T) Shares Purchased by New England Asset Management Inc.

New England Asset Management Inc. lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 24.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,940 shares of the technology company's stock after purchasing an additional 62,075 shares during the period. New England Asset Management Inc.'s holdings in AT&T were worth $6,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of T. Mercer Global Advisors Inc. ADV increased its stake in shares of AT&T by 1,379.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company's stock worth $270,581,000 after purchasing an additional 13,201,774 shares in the last quarter. AQR Capital Management LLC grew its stake in AT&T by 43.3% during the 2nd quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company's stock valued at $414,563,000 after acquiring an additional 6,602,586 shares in the last quarter. Bank of New York Mellon Corp grew its stake in AT&T by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company's stock valued at $1,549,375,000 after acquiring an additional 5,592,123 shares in the last quarter. Thornburg Investment Management Inc. grew its stake in AT&T by 22.0% during the 2nd quarter. Thornburg Investment Management Inc. now owns 24,988,396 shares of the technology company's stock valued at $477,528,000 after acquiring an additional 4,511,725 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in AT&T during the 2nd quarter valued at about $78,570,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on T. Oppenheimer upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Citigroup upped their price objective on shares of AT&T from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Wells Fargo & Company dropped their price objective on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Finally, Barclays boosted their target price on shares of AT&T from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.40.

AT&T Trading Down 1.1 %

Shares of T stock traded down $0.26 during trading hours on Tuesday, hitting $22.73. The company had a trading volume of 24,639,748 shares, compared to its average volume of 35,466,930. The company's fifty day moving average is $21.92 and its 200 day moving average is $19.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a fifty-two week low of $15.85 and a fifty-two week high of $23.20. The stock has a market capitalization of $163.09 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period in the prior year, the business posted $0.64 EPS. The business's revenue for the quarter was down .5% compared to the same quarter last year. Research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.88%. AT&T's dividend payout ratio is currently 90.24%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.