Game Plan Financial Advisors LLC Has $1.39 Million Stock Holdings in AT&T Inc. (NYSE:T)

Game Plan Financial Advisors LLC lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 220.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,105 shares of the technology company's stock after acquiring an additional 42,050 shares during the period. Game Plan Financial Advisors LLC's holdings in AT&T were worth $1,387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of T. AMF Tjanstepension AB boosted its stake in AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company's stock worth $33,918,000 after buying an additional 1,161,152 shares in the last quarter. Creative Planning boosted its stake in AT&T by 2.8% during the third quarter. Creative Planning now owns 1,564,777 shares of the technology company's stock worth $34,413,000 after buying an additional 43,218 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in AT&T during the third quarter worth $317,000. Secure Asset Management LLC lifted its holdings in shares of AT&T by 11.4% during the third quarter. Secure Asset Management LLC now owns 40,539 shares of the technology company's stock valued at $892,000 after acquiring an additional 4,137 shares during the period. Finally, Bar Harbor Wealth Management lifted its holdings in shares of AT&T by 2.2% during the third quarter. Bar Harbor Wealth Management now owns 31,840 shares of the technology company's stock valued at $700,000 after acquiring an additional 684 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

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Analyst Ratings Changes

T has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Oppenheimer initiated coverage on AT&T in a report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. The Goldman Sachs Group lifted their price objective on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, Tigress Financial lifted their price target on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average target price of $26.33.

AT&T Trading Up 0.6 %

NYSE:T traded up $0.16 on Wednesday, hitting $26.23. 30,546,113 shares of the stock were exchanged, compared to its average volume of 37,993,578. The stock has a market capitalization of $188.28 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.96 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $26.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company's 50-day moving average price is $23.33 and its 200 day moving average price is $22.17.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.23%. AT&T's payout ratio is currently 74.50%.

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.