LifePlan Financial Group Inc reduced its stake in shares of AT&T Inc. (NYSE:T) by 13.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,590 shares of the technology company’s stock after selling 1,841 shares during the period. LifePlan Financial Group Inc’s holdings in AT&T were worth $350,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of T. Lion Street Advisors LLC purchased a new position in shares of AT&T during the first quarter worth $27,000. Horan Securities Inc. purchased a new position in shares of AT&T during the first quarter worth $28,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of AT&T by 186.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 958 shares of the technology company’s stock worth $28,000 after purchasing an additional 623 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of AT&T during the first quarter worth $34,000. Finally, Efficient Wealth Management LLC purchased a new position in shares of AT&T during the first quarter worth $35,000. Institutional investors and hedge funds own 53.74% of the company’s stock.

T traded up $0.01 on Friday, reaching $29.58. 38,694,208 shares of the company’s stock were exchanged, compared to its average volume of 32,539,284. The stock has a market cap of $212.40 billion, a PE ratio of 18.15, a P/E/G ratio of 1.67 and a beta of 0.72. AT&T Inc. has a twelve month low of $26.08 and a twelve month high of $39.70. The stock’s fifty day moving average price is $30.01 and its 200-day moving average price is $32.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $40.95 billion for the quarter, compared to analyst estimates of $40.87 billion. AT&T had a net margin of 6.84% and a return on equity of 13.03%. AT&T’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. As a group, research analysts predict that AT&T Inc. will post 3.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, July 9th. This represents a $2.08 dividend on an annualized basis and a yield of 7.03%. AT&T’s payout ratio is presently 58.26%.

Several research analysts recently issued reports on T shares. Morgan Stanley reduced their target price on shares of AT&T from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 1st. DZ Bank cut shares of AT&T from a “hold” rating to a “sell” rating and set a $26.00 price objective for the company. in a report on Friday, April 24th. Barclays reaffirmed a “hold” rating and issued a $33.00 price objective on shares of AT&T in a report on Friday, April 17th. ValuEngine cut shares of AT&T from a “sell” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Cfra cut their price objective on shares of AT&T from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.29.

In other AT&T news, Director Stephen J. Luczo purchased 100,000 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were purchased at an average cost of $29.69 per share, for a total transaction of $2,969,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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