AT&T Inc. (NYSE:T) Shares Acquired by Plan Group Financial LLC

Plan Group Financial LLC boosted its holdings in AT&T Inc. (NYSE:T) by 32.7% during the 1st quarter, Holdings Channel reports. The fund owned 72,602 shares of the technology company’s stock after acquiring an additional 17,910 shares during the quarter. Plan Group Financial LLC’s holdings in AT&T were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in T. NBZ Investment Advisors LLC bought a new stake in shares of AT&T during the 1st quarter worth about $224,000. Sfmg LLC lifted its stake in shares of AT&T by 9.8% in the 1st quarter. Sfmg LLC now owns 24,313 shares of the technology company’s stock worth $688,000 after acquiring an additional 2,172 shares during the period. Accent Capital Management LLC lifted its stake in shares of AT&T by 323.0% in the 1st quarter. Accent Capital Management LLC now owns 1,197 shares of the technology company’s stock worth $34,000 after acquiring an additional 914 shares during the period. Clearstead Trust LLC lifted its stake in shares of AT&T by 5.1% in the 1st quarter. Clearstead Trust LLC now owns 8,878 shares of the technology company’s stock worth $251,000 after acquiring an additional 434 shares during the period. Finally, ING Groep NV lifted its stake in shares of AT&T by 213.0% in the 1st quarter. ING Groep NV now owns 2,627,595 shares of the technology company’s stock worth $74,308,000 after acquiring an additional 1,788,009 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on T shares. Royal Bank Of Canada upped their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price target on shares of AT&T in a research note on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Finally, Tigress Financial upped their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.66.

AT&T Trading Down 0.3%

AT&T stock opened at $27.66 on Tuesday. AT&T Inc. has a 12 month low of $18.64 and a 12 month high of $29.19. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a market cap of $197.78 billion, a P/E ratio of 15.72, a P/E/G ratio of 3.44 and a beta of 0.42. The company’s fifty day simple moving average is $27.81 and its 200-day simple moving average is $26.92.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T’s dividend payout ratio is currently 63.07%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.