AT&T Inc. (NYSE:T) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 34.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,740 shares of the technology company's stock after purchasing an additional 38,444 shares during the period. CreativeOne Wealth LLC's holdings in AT&T were worth $3,272,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of T. Bank of New York Mellon Corp grew its stake in AT&T by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company's stock worth $1,549,375,000 after purchasing an additional 5,592,123 shares during the period. FMR LLC boosted its stake in AT&T by 1.9% during the third quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock worth $1,341,693,000 after acquiring an additional 1,149,688 shares in the last quarter. Legal & General Group Plc increased its stake in shares of AT&T by 2.7% during the second quarter. Legal & General Group Plc now owns 60,109,127 shares of the technology company's stock valued at $1,148,689,000 after purchasing an additional 1,569,374 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of AT&T by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 51,558,884 shares of the technology company's stock valued at $985,307,000 after purchasing an additional 1,007,228 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of AT&T by 1.1% in the 2nd quarter. LSV Asset Management now owns 30,092,610 shares of the technology company's stock worth $575,070,000 after buying an additional 315,580 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of T traded up $0.18 during trading hours on Thursday, reaching $23.27. 33,206,296 shares of the company traded hands, compared to its average volume of 35,443,195. The business has a fifty day moving average price of $22.10 and a 200-day moving average price of $20.07. The stock has a market capitalization of $166.97 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.47 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $23.38. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion during the quarter, compared to analysts' expectations of $30.50 billion. During the same period in the previous year, the business posted $0.64 EPS. The business's revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.77%. AT&T's dividend payout ratio (DPR) is presently 90.24%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on T shares. Moffett Nathanson upped their target price on shares of AT&T from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. Redburn Atlantic upgraded shares of AT&T to a "strong sell" rating in a research report on Monday, September 16th. Royal Bank of Canada restated a "sector perform" rating and set a $22.00 target price on shares of AT&T in a research report on Thursday, October 24th. Hsbc Global Res upgraded shares of AT&T to a "strong-buy" rating in a report on Tuesday, October 1st. Finally, Scotiabank lowered AT&T from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.53.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.