Creative Planning Acquires 15,465 Shares of AT&T Inc. $T

Creative Planning boosted its holdings in AT&T Inc. (NYSE:T) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,969,808 shares of the technology company’s stock after purchasing an additional 15,465 shares during the period. Creative Planning’s holdings in AT&T were worth $57,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. WealthShield Partners LLC grew its holdings in shares of AT&T by 12.6% in the 2nd quarter. WealthShield Partners LLC now owns 38,726 shares of the technology company’s stock valued at $1,121,000 after acquiring an additional 4,325 shares in the last quarter. Meridian Wealth Management LLC boosted its position in AT&T by 2.9% during the second quarter. Meridian Wealth Management LLC now owns 68,357 shares of the technology company’s stock valued at $1,978,000 after purchasing an additional 1,908 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in AT&T by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,764,761 shares of the technology company’s stock valued at $51,072,000 after purchasing an additional 123,203 shares in the last quarter. Empower Advisory Group LLC grew its stake in AT&T by 0.9% in the second quarter. Empower Advisory Group LLC now owns 4,068,157 shares of the technology company’s stock valued at $117,732,000 after purchasing an additional 35,073 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of AT&T by 16.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 471,253 shares of the technology company’s stock worth $13,638,000 after purchasing an additional 64,854 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $25.58 on Friday. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $26.75 and a 200-day moving average price of $27.56. The company has a market cap of $181.31 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.AT&T’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s dividend payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

T has been the subject of several analyst reports. Wall Street Zen cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Cowen reissued a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Barclays lowered their price objective on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Scotiabank set a $30.25 price target on AT&T and gave the stock a “sector perform” rating in a report on Monday, October 6th. Finally, TD Cowen boosted their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.64.

AT&T 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.