AT&T Inc. (NYSE:T) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in AT&T Inc. (NYSE:T - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,765,700 shares of the technology company's stock after selling 60,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in AT&T were worth $60,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its position in shares of AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock valued at $27,000 after buying an additional 1,116 shares in the last quarter. American Capital Advisory LLC lifted its position in shares of AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock valued at $30,000 after buying an additional 807 shares in the last quarter. Reston Wealth Management LLC purchased a new position in AT&T in the 3rd quarter valued at $35,000. Altshuler Shaham Ltd purchased a new position in AT&T in the 2nd quarter valued at $30,000. Finally, Marquette Asset Management LLC purchased a new position in AT&T in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Oppenheimer raised their price objective on AT&T from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Hsbc Global Res raised AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. Scotiabank downgraded AT&T from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Daiwa America raised AT&T to a "hold" rating in a research report on Friday, July 26th. Finally, Evercore ISI raised their price objective on AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $23.40.

AT&T Trading Down 1.2 %

T traded down $0.26 during trading on Monday, hitting $21.86. 13,521,417 shares of the company's stock were exchanged, compared to its average volume of 35,680,637. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 1 year low of $15.46 and a 1 year high of $22.73. The stock has a 50 day moving average price of $21.47 and a 200 day moving average price of $19.36. The firm has a market cap of $156.85 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 3.38 and a beta of 0.59.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.08%. AT&T's dividend payout ratio is presently 90.24%.

About AT&T

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.