USS Investment Management Ltd Has $5,624,000 Stake in AT&T Inc. (T)

USS Investment Management Ltd lowered its position in AT&T Inc. (NYSE:T) by 14.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,509 shares of the company’s stock after selling 23,500 shares during the period. USS Investment Management Ltd’s holdings in AT&T were worth $5,624,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Taylor Wealth Management Partners increased its position in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC increased its position in shares of AT&T by 3.8% in the third quarter. WealthTrust Arizona LLC now owns 2,712 shares of the company’s stock valued at $110,000 after buying an additional 100 shares in the last quarter. Wealthcare Capital Management LLC purchased a new position in shares of AT&T during the second quarter valued at about $117,000. Concannon Wealth Management LLC increased its position in shares of AT&T by 40.3% in the third quarter. Concannon Wealth Management LLC now owns 3,145 shares of the company’s stock valued at $128,000 after buying an additional 904 shares in the last quarter. Finally, Tuttle Tactical Management LLC purchased a new position in shares of AT&T during the second quarter valued at about $152,000. 52.80% of the stock is owned by institutional investors.

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

AT&T Inc. (NYSE:T) traded down 0.78% during mid-day trading on Wednesday, reaching $40.49. 11,588,187 shares of the company’s stock traded hands. The stock has a market cap of $248.65 billion, a P/E ratio of 17.22 and a beta of 0.37. The company has a 50 day moving average price of $40.96 and a 200-day moving average price of $40.59. AT&T Inc. has a 12 month low of $33.43 and a 12 month high of $43.89.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be given a dividend of $0.49 per share. This is an increase from AT&T’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 6th. This represents a $1.96 annualized dividend and a dividend yield of 4.80%. AT&T’s dividend payout ratio (DPR) is 83.40%.

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Several research firms have weighed in on T. Jefferies Group restated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research report on Thursday, September 15th. Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $42.92 price objective for the company. in a research report on Monday, September 26th. HSBC upgraded shares of AT&T from a “reduce” rating to a “hold” rating and set a $38.00 price objective for the company in a research report on Monday, September 26th. Barclays PLC restated a “buy” rating and issued a $45.00 price objective on shares of AT&T in a research report on Monday, September 26th. Finally, Zacks Investment Research cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.09.

In related news, Director Geoffrey Y. Yang acquired 27,129 shares of AT&T stock in a transaction dated Tuesday, October 25th. The stock was bought at an average price of $36.91 per share, with a total value of $1,001,331.39. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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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