Tufton Capital Management boosted its stake in AT&T Inc. (NYSE:T) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,459 shares of the technology company’s stock after buying an additional 9,026 shares during the period. AT&T accounts for approximately 1.5% of Tufton Capital Management’s portfolio, making the stock its 26th largest position. Tufton Capital Management’s holdings in AT&T were worth $7,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of T. New Capital Management LP raised its holdings in AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,500 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in AT&T in the 1st quarter worth approximately $109,000. Sterling Investment Advisors Ltd. grew its position in AT&T by 289.1% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,024 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in AT&T in the 2nd quarter worth approximately $134,000. Finally, CKW Financial Group grew its position in AT&T by 83.9% in the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,724 shares during the period. Institutional investors and hedge funds own 55.75% of the company’s stock.

Shares of AT&T Inc. (NYSE:T) traded down $0.56 during mid-day trading on Monday, reaching $37.26. 30,856,305 shares of the company’s stock traded hands, compared to its average volume of 28,760,000. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $228,740.00, a PE ratio of 17.91, a P/E/G ratio of 2.99 and a beta of 0.44. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $42.70.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.37%. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. AT&T’s dividend payout ratio is currently 96.15%.

A number of brokerages have recently issued reports on T. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $39.75 price objective for the company. in a research report on Monday, December 18th. KeyCorp boosted their price objective on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Robert W. Baird cut their price objective on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Finally, ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company. AT&T presently has a consensus rating of “Hold” and an average price target of $42.52.

COPYRIGHT VIOLATION WARNING: “Tufton Capital Management Acquires 9,026 Shares of AT&T Inc. (NYSE:T)” was originally reported by Marea Informative and is the property of of Marea Informative. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.mareainformativa.com/tufton-capital-management-has-7-54-million-position-in-att-inc-t-updated-updated-updated/125466/.

About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.