Game Plan Financial Advisors LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 5.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,153 shares of the technology company’s stock after selling 1,811 shares during the period. Game Plan Financial Advisors LLC’s holdings in AT&T were worth $972,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Garrett Wealth Advisory Group LLC grew its stake in shares of AT&T by 2.0% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 13,307 shares of the technology company’s stock worth $520,000 after purchasing an additional 263 shares in the last quarter. FCA Corp TX grew its stake in shares of AT&T by 4.2% in the fourth quarter. FCA Corp TX now owns 6,685 shares of the technology company’s stock worth $261,000 after purchasing an additional 272 shares in the last quarter. Hurlow Wealth Management Group Inc. grew its stake in shares of AT&T by 2.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 10,978 shares of the technology company’s stock worth $416,000 after purchasing an additional 292 shares in the last quarter. Cibc Bank USA grew its stake in shares of AT&T by 0.9% in the fourth quarter. Cibc Bank USA now owns 33,133 shares of the technology company’s stock worth $1,295,000 after purchasing an additional 299 shares in the last quarter. Finally, American Asset Management Inc. grew its stake in shares of AT&T by 1.1% in the fourth quarter. American Asset Management Inc. now owns 27,063 shares of the technology company’s stock worth $1,058,000 after purchasing an additional 300 shares in the last quarter. 56.12% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Stephen J. Luczo purchased 36,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was bought at an average cost of $29.38 per share, with a total value of $1,057,680.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Geoffrey Y. Yang purchased 6,754 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average cost of $29.39 per share, with a total value of $198,500.06. Following the completion of the purchase, the director now directly owns 9,398 shares in the company, valued at $276,207.22. The disclosure for this purchase can be found here. 0.07% of the stock is owned by company insiders.

Shares of AT&T stock opened at $28.31 on Friday. The stock has a 50-day moving average price of $29.73 and a 200 day moving average price of $35.65. The company has a market cap of $203.35 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.64 and a beta of 0.72. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.75. AT&T Inc. has a 1 year low of $26.08 and a 1 year high of $39.70.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). The business had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $44.75 billion. AT&T had a return on equity of 13.27% and a net margin of 8.05%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 3.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 7.35%. The ex-dividend date was Wednesday, April 8th. AT&T’s dividend payout ratio is currently 58.26%.

T has been the subject of several recent analyst reports. Citigroup decreased their price target on AT&T from $42.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. UBS Group decreased their target price on AT&T from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Robert W. Baird cut AT&T from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $41.00 to $33.00 in a research note on Monday, March 23rd. Wells Fargo & Co decreased their target price on AT&T from $36.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, April 3rd. Finally, Argus reaffirmed a “buy” rating on shares of AT&T in a research note on Friday, March 27th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $36.15.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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