CreativeOne Wealth LLC Has $3.27 Million Position in AT&T Inc. (NYSE:T)

CreativeOne Wealth LLC raised its position in shares of AT&T Inc. (NYSE:T) by 34.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 148,740 shares of the technology company’s stock after acquiring 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.

Several other large investors also recently added to or reduced their stakes in T. iA Global Asset Management Inc. purchased a new position in shares of AT&T during the 1st quarter valued at $3,264,000. LRI Investments LLC purchased a new position in shares of AT&T during the 1st quarter valued at $338,000. Sanibel Captiva Trust Company Inc. grew its holdings in shares of AT&T by 1.2% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 86,004 shares of the technology company’s stock valued at $1,514,000 after acquiring an additional 1,019 shares in the last quarter. Swedbank AB purchased a new position in shares of AT&T during the 1st quarter valued at $54,122,000. Finally, Atria Investments Inc grew its holdings in shares of AT&T by 16.9% during the 1st quarter. Atria Investments Inc now owns 654,533 shares of the technology company’s stock valued at $11,524,000 after acquiring an additional 94,552 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Redburn Atlantic upgraded shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. Moffett Nathanson upped their price objective on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Oppenheimer upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a 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 cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.53.

AT&T Stock Up 0.8 %

Shares of T opened at $23.27 on Thursday. The company has a 50-day simple moving average of $22.10 and a 200-day simple moving average of $20.07. The firm 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. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $23.38.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, equities research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Thursday, October 10th. AT&T’s dividend payout ratio is currently 90.24%.

About AT&T

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.