Game Plan Financial Advisors LLC Has $2.10 Million Stock Holdings in AT&T Inc. $T

Game Plan Financial Advisors LLC grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 15.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,705 shares of the technology company's stock after purchasing an additional 9,900 shares during the quarter. Game Plan Financial Advisors LLC's holdings in AT&T were worth $2,104,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in T. Stone House Investment Management LLC acquired a new position in shares of AT&T in the first quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T in the second quarter worth approximately $26,000. Kennebec Savings Bank lifted its stake in shares of AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock worth $28,000 after acquiring an additional 783 shares during the period. Hager Investment Management Services LLC lifted its stake in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after acquiring an additional 641 shares during the period. Finally, IMA Advisory Services Inc. acquired a new position in shares of AT&T in the first quarter worth approximately $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

T has been the topic of a number of recent analyst reports. Barclays reaffirmed an "equal weight" rating and issued a $30.00 price objective on shares of AT&T in a research note on Wednesday, October 1st. UBS Group set a $33.00 target price on AT&T in a report on Thursday, September 18th. Morgan Stanley lifted their target price on AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lifted their target price on AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.75.

AT&T Trading Up 0.3%

NYSE T opened at $26.24 on Thursday. The company has a market cap of $187.63 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 3.35 and a beta of 0.42. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The business has a 50 day moving average price of $28.51 and a 200-day moving average price of $27.90. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.2%. AT&T's dividend payout ratio is 63.07%.

About AT&T

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.