Game Plan Financial Advisors LLC Has $305,000 Stock Holdings in AT&T Inc. (NYSE:T)

Game Plan Financial Advisors LLC boosted its stake in AT&T Inc. (NYSE:T) by 28,909.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,955 shares of the technology company’s stock after buying an additional 15,900 shares during the quarter. Game Plan Financial Advisors LLC’s holdings in AT&T were worth $305,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of AT&T in the 4th quarter valued at approximately $258,000. Vantage Financial Partners LLC grew its position in AT&T by 25.5% in the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock worth $641,000 after acquiring an additional 7,762 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of AT&T by 4.1% during the 4th quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after purchasing an additional 1,212 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of AT&T by 6.2% during the 4th quarter. Van ECK Associates Corp now owns 317,763 shares of the technology company’s stock valued at $5,332,000 after purchasing an additional 18,684 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of AT&T by 40.8% in the 4th quarter. Fisher Asset Management LLC now owns 142,331 shares of the technology company’s stock valued at $2,388,000 after purchasing an additional 41,244 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T stock traded up $0.14 during trading hours on Friday, hitting $19.90. 29,362,657 shares of the company’s stock were exchanged, compared to its average volume of 26,170,302. The stock’s 50-day moving average is $19.14 and its 200-day moving average is $17.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $19.99. The stock has a market cap of $142.69 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 3.36 and a beta of 0.58.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business had revenue of $29.80 billion for the quarter, compared to analysts’ expectations of $30.05 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. AT&T’s revenue was down .3% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on T shares. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. The Goldman Sachs Group initiated coverage on shares of AT&T in a research report on Monday, July 1st. They set a “buy” rating and a $22.00 target price for the company. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. TD Cowen boosted their price objective on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $22.06.

AT&T Company 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.