Keystone Financial Planning Inc. Has $2.16 Million Stock Holdings in AT&T Inc. $T

Key Points

• Keystone Financial Planning Inc. reduced its stake in AT&T by 72.9%, now holding 74,768 shares worth approximately $2.16 million, making AT&T the firm's 27th largest position.
• Institutional investors own around 57.10% of AT&T stock, with notable contributions from Vanguard Group and Kingstone Capital Partners.
• AT&T recently announced a quarterly dividend of $0.2775 per share, resulting in a yield of 4.4%, with a payout ratio of 63.07%.

Keystone Financial Planning Inc. trimmed its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 72.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,768 shares of the technology company's stock after selling 200,796 shares during the period. AT&T comprises about 0.7% of Keystone Financial Planning Inc.'s portfolio, making the stock its 27th largest position. Keystone Financial Planning Inc.'s holdings in AT&T were worth $2,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of AT&T by 1.3% during the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock worth $18,411,543,000 after acquiring an additional 8,185,006 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of AT&T during the second quarter worth $5,266,758,000. GQG Partners LLC raised its holdings in shares of AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock worth $3,222,711,000 after acquiring an additional 17,177,874 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of AT&T by 3.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company's stock worth $1,561,514,000 after acquiring an additional 1,783,363 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AT&T by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company's stock worth $1,508,411,000 after acquiring an additional 1,307,009 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

T has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wells Fargo & Company decreased their target price on shares of AT&T from $31.00 to $29.00 and set an "overweight" rating for the company in a research report on Thursday, October 16th. Bank of America assumed coverage on shares of AT&T in a research report on Monday, July 7th. They issued a "buy" rating and a $32.00 target price for the company. Hsbc Global Res downgraded shares of AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of AT&T in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.67.

AT&T Price Performance

T opened at $25.17 on Friday. The company has a market capitalization of $179.95 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.99 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $27.97 and a 200-day moving average price of $27.75. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company's revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T's 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.

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