Wellington Management Group LLP increased its stake in AT&T Inc. (NYSE:T) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,442,269 shares of the company’s stock after buying an additional 100,030 shares during the period. Wellington Management Group LLP’s holdings in AT&T were worth $56,493,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Aviva PLC increased its position in AT&T by 5.5% in the first quarter. Aviva PLC now owns 4,540,243 shares of the company’s stock valued at $177,841,000 after buying an additional 237,012 shares during the period. Credit Agricole S A increased its position in AT&T by 12.6% in the first quarter. Credit Agricole S A now owns 5,299,940 shares of the company’s stock valued at $207,598,000 after buying an additional 593,693 shares during the period. Honeywell International Inc. increased its position in AT&T by 6.8% in the fourth quarter. Honeywell International Inc. now owns 1,584,300 shares of the company’s stock valued at $54,516,000 after buying an additional 100,300 shares during the period. OppenheimerFunds Inc. increased its position in AT&T by 33.8% in the fourth quarter. OppenheimerFunds Inc. now owns 5,894,413 shares of the company’s stock valued at $202,903,000 after buying an additional 1,489,733 shares during the period. Finally, Motco increased its position in AT&T by 4.9% in the fourth quarter. Motco now owns 312,174 shares of the company’s stock valued at $10,742,000 after buying an additional 14,723 shares during the period.
Shares of AT&T Inc. (NYSE:T) traded down 0.42% during midday trading on Thursday, hitting $42.58. 13,510,436 shares of the company’s stock were exchanged. AT&T Inc. has a 52 week low of $30.97 and a 52 week high of $43.89. The firm has a market cap of $261.95 billion and a price-to-earnings ratio of 18.35. The company has a 50-day moving average of $42.04 and a 200-day moving average of $38.86.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 8th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Wednesday, July 6th.
T has been the subject of several recent analyst reports. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. FBR & Co reaffirmed a “hold” rating and issued a $38.00 price objective on shares of AT&T in a research note on Wednesday, April 27th. Robert W. Baird reaffirmed a “neutral” rating and issued a $41.00 price objective on shares of AT&T in a research note on Tuesday, June 28th. Jefferies Group lifted their price objective on AT&T from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. Finally, Vetr cut AT&T from a “hold” rating to a “sell” rating and set a $38.01 price objective for the company. in a research note on Monday, April 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company. AT&T presently has an average rating of “Buy” and a consensus target price of $41.12.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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.
