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Arrowstreet Capital Limited Partnership Buys 1,760,187 Shares of AT&T Inc. $T
Arrowstreet Capital Limited Partnership increased its stake in AT&T Inc. (NYSE:T) by 11.7% in the third quarter, purchasing an additional 1,760,187 shares and now owning 16,858,396 shares worth approximately $476 million. Several other institutional investors also adjusted their positions in AT&T, with institutional ownership reaching 57.10% of the company’s stock. Analysts have issued varied ratings, with a consensus of “Moderate Buy” and an average target price of $30.35, while the company recently reported strong earnings and declared a quarterly dividend.