Plan Group Financial LLC Acquires 4,375 Shares of AT&T Inc. (NYSE:T)

Plan Group Financial LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,692 shares of the technology company’s stock after purchasing an additional 4,375 shares during the quarter. Plan Group Financial LLC’s holdings in AT&T were worth $1,245,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in AT&T in the fourth quarter valued at $70,000. New York State Common Retirement Fund boosted its holdings in shares of AT&T by 1.2% in the 4th quarter. New York State Common Retirement Fund now owns 8,783,701 shares of the technology company’s stock worth $200,005,000 after purchasing an additional 106,000 shares in the last quarter. Callahan Advisors LLC increased its position in shares of AT&T by 0.5% during the 4th quarter. Callahan Advisors LLC now owns 353,854 shares of the technology company’s stock valued at $8,057,000 after purchasing an additional 1,929 shares during the last quarter. Mcdonald Partners LLC raised its holdings in shares of AT&T by 9.0% during the 4th quarter. Mcdonald Partners LLC now owns 68,287 shares of the technology company’s stock valued at $1,555,000 after buying an additional 5,625 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of AT&T by 80.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 36,169 shares of the technology company’s stock valued at $824,000 after buying an additional 16,164 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on T. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Tigress Financial raised their price objective on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Sanford C. Bernstein lifted their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Price Performance

Shares of NYSE:T opened at $26.07 on Wednesday. The business has a fifty day moving average price of $23.33 and a 200-day moving average price of $22.17. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $187.16 billion, a PE ratio of 17.50, a PEG ratio of 2.96 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $26.18.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.26%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

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.