AT&T Inc. (NYSE:T) Holdings Lowered by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV cut its stake in AT&T Inc. (NYSE:T - Free Report) by 30.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,843 shares of the technology company's stock after selling 16,053 shares during the period. Creative Financial Designs Inc. ADV's holdings in AT&T were worth $1,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of AT&T in the 4th quarter worth approximately $1,858,418,000. GQG Partners LLC boosted its holdings in AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in AT&T by 31.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock worth $1,216,665,000 after buying an additional 12,881,578 shares during the last quarter. Northern Trust Corp increased its holdings in shares of AT&T by 16.3% in the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after buying an additional 10,945,679 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of AT&T by 4,986.1% in the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after buying an additional 9,719,036 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T opened at $28.04 on Friday. The firm has a market cap of $201.73 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 3.96 and a beta of 0.41. The company's fifty day moving average is $27.61 and its 200-day moving average is $25.91. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company's quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's payout ratio is 68.10%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley restated an "overweight" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Royal Bank Of Canada lifted their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Oppenheimer increased their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Williams Trading set a $30.00 target price on AT&T in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.76.

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.

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